What does a company require from a customer without credit history before offering terms?

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1019851

2026-03-17 19:00

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Before offering terms to a customer without credit history, a company typically requires personal information such as proof of identity, income verification, and possibly bank statements to assess financial stability. They may also ask for a co-signer with an established credit history or request a security deposit to mitigate risk. Additionally, companies might evaluate the customer's payment history with other service providers to gauge reliability.

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