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Credit is established when you apply for a loan or credit card with a lender.

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Q: How do banks create credit?
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Related questions

Where are credit banks situated?

Credit banks hold the amount of credit available in the banking system. Credit banks are situated at different places; the actual situation of the credit bank depends on the bank itself.


where do i get credit?

Credit you get up the banks


Do banks pull credit reports for guarantors?

Yes, it is required by the Feds that banks pull credit reports on applicants.


Where to get a credit card?

Banks and credit card companies i guess


Which banks offer a no fee on credit cards?

Many banks offer a no fee on their credit cards. For example, banks such as Natwest, RBS and Halifax all currently offer a no fee Balance transfer on their credit cards.


How do banks use your credit score?

Banks use your credit score so they can see if you have a history of paying back what they loan to you.


Are Credit Unions Safer Than Banks?

Both credit unions and banks can be safe, and their safety is influenced by various factors:


What companies are credit card providers?

Companies that provide credit cards tend to be banks. In the United Kingdom, for example, Barclays, NatWest and Lloyds banks issue credit cards. These banks also offer debit cards.


Which banks offer a Business Rewards Credit Card?

There are many banks that offer a Business Rewards Credit Card. Examples of banks that offer a Business Rewards Credit Card includes Capital One and Chase Bank.


Credit Unions are better than banks because credit union are more tailored to their customers.?

Credit Unions are better than banks because credit union are more tailored to their customers.


Do banks accept credit privacy numbers?

What is a credit privacy number???


What banks allow bad credit mortgage?

Unfortunately, fewer banks will lend to someone with bad credit. Some of the major banks that advertise that they will give a mortgage to someone with bad credit include Paramount Equity and FHA Mortgage.