There is the "trust" component first: in your request, you list all your credits and the fact that you have failed a payment.
Then you provide the bank with your last three bank statements and your salary. They match the money movements with what they expect to see (a salary coming in, a payment going out, ...)
Finally, there is a centralized database of failed payments.
It works well, we do no have special problems with credits and how they are paid off (what helps is that there are compulsory insurances and protections for the credit-taker)
Then you provide the bank with your last three bank statements and your salary. They match the money movements with what they expect to see (a salary coming in, a payment going out, ...)
Finally, there is a centralized database of failed payments.
It works well, we do no have special problems with credits and how they are paid off (what helps is that there are compulsory insurances and protections for the credit-taker)