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noun. Credit check refers to the process of reviewing an individual's credit history to assess their creditworthiness. It involves examining an individual's credit report, which contains information about their borrowing and repayment activities. A credit check helps lenders, landlords, employers, and other entities make informed decisions about extending credit, offering employment, or entering into financial agreements with an individual. The purpose of a credit check is to evaluate the individual's risk level and determine their ability to meet their financial obligations. GPT3.5
Word Forms:
- noun.
credit check (singular),
credit checks (plural)
- verb.
credit check (simple present),
credit checked (simple past),
credit checking (present continuous),
credit checks (third person singular)
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