Using a credit simulator is essential before applying for a loan or financing. Credit simulators show you the best choice in terms of duration or debt. When applying for an online loan, the credit agency's simulator will not study the credit application according to your profile but will accept or refuse your credit application.
When applying for credit, without using a credit simulator with credit organization Y, Mr. X indicated a period for his financing that was too short (2 years) in order to obtain the best rate. This duration generates too large a monthly credit payment. The lender will be content to express a refusal because the debt ratio of the loan applicant will exceed the minimum desirable rate. By taking a period of 3 years, the debt ratio might have been low enough for the credit to be accepted.
This example is also valid for all types of credit (mortgage, loan buyback, consumer credit, etc.).
Good credit simulation.
Other definitions of the lexicon starting with the letter S:
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