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About Avalon:
Sales Standards and Expectations
Sales Terms and Processes:
Sales Technology:
Sales person licensing:
GAF Learning Portal
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Pricing:
Insurance 101:
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About Lesson
Creditworthiness:
the extent to which a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past.
All financing options will require the homeowner to fill out a credit application and will determine their ability to receive financing based on their creditworthiness.
Credit pull:
Credit will be pulled to determine creditwortthiness and it will likely be a hard pull.
A hard pull, also known as a hard inquiry or hard credit check, is when a lender reviews your credit report to assess your credit history and determine if you’re likely to repay a loan.
A hard pull can:
- Hurt your credit score, but the impact is usually small and many people’s scores recover within a few months
- Show up on your credit report for up to two years, but your score is usually only impacted for a year or less
- Be counted as one inquiry if you’re shopping for a new auto or mortgage loan or a new utility provider within a certain period of time
- Be an indication of risk, especially if you apply for several loans and credit cards in a short period
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