Is there a way to perform credit check during contract renewal process?

Summary:

Client wants to perform a credit check on the customer while renewing the subscription and prevent activation of the renewed contract in case of credit failure. Is it possible to achieve this in Subscription Management?

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):