Creditas Solutions Credit Analyst Interview Questions and Answers

Credit score is a numerical representation of a person's creditworthiness based on their credit history.

• Credit score ranges from 300 to 850

• Higher credit score indicates better creditworthiness

• Factors affecting credit score include payment history, credit utilization, length of credit history, types of credit used, and new credit inquiries

• Lenders use credit score to determine the likelihood of a borrower repaying their ...read more

NPA stands for Non-Performing Assets, which are loans or advances that have stopped generating income for the lender.

• NPA is a term used in the banking industry to refer to loans that are in default or are close to being in default.

• A loan is classified as an NPA if the borrower fails to pay interest or principal for a period of 90 days or more.

• Banks and financial institutions are required to set aside provisions for NPA...read more