Since I'm on a roll discussing credit cards, I think there are some unorthodox ways that might be implemented in my LALA-world. Aside from acquiring the basic information of the individual, there are a couple of psychological and situational investigation that need to be administered if one is credit-card worthy.
1. PRIDE CHECK
Pride is always seen as a bad thing, but the importance of it in this setting might prove beneficial. A person with intense pride of himself and his capabilities as a consumer will find a ballooning debt hindrance to the status. The person with intense pride is assumed to keep finances manageable lest his reputation be tainted. Although it could also work in an opposite direction. Intense pride might not allow him to seek other self-demeaning alternatives to settle debt. There should be a test that involves situational analysis and perception check on how a person rates and views his "pride."
2. REAL BACKGROUND CHECK
Background checks are often limited to fields and establishments. But the real background check should be done through friends, colleagues and confidante. Investigate the person through informal people he or she has transacted with. I know some people who cannot even afford to initiate paybacks (No matter how long it's due) or pay credit money borrowed from friends and families. It says a lot on how a person is financially responsible. Usually this unwanted behavior transcends to the struggle in managing a credit card.
Interviewing friends, families and people, who know very well or have been witnesses to the debtors spending and borrowing habits, is the key for an upclose background check.
3. RESOURCE CHECK
Let's face it, not all people who have credit cards have an amazing savings account. The important thing to impose the power of responsibility in this setting is to verify if that person has a continuous pool of resources. It's more advisable to know that the person has a steady source of income backed by a stable savings account.
No comments:
Post a Comment