Which of the following is not use to assess whether credit should be extended to a household? a. The amount of income earned. b. The amount of debt outstanding. c. The history of timely repayments of debt owed. d. Whether the loan is secured by an asset. e. All of the above are used to assess credit.

Which of the following is not use to assess whether credit should be extended to a household? a. The amount of income earned. b. The amount of debt outstanding. c. The history of timely repayments of debt owed. d. Whether the loan is secured by an asset. e. All of the above are used to assess credit.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter6: Building And Maintaining Good Credit

Section6.4: Dealing With Overindebtedness

Problem 3CC

See similar textbooks

Similar questions

For a creditor; how is a loan impairment recorded?
Which of the following is true of a credit applicant's character? a. It reflects any unique conditions surrounding a credit applicant's transaction. b. It reflects the level of liquid assets available with a credit applicant. c. reflects a credit applicant's past payment history. d. It reflects a credit applicant's ability to repay his debt obligation.
How do you think the information stated in the credit report and credit score are sufficient enough to know the credit standing of the borrower?
Identify two important pieces of information that should be included in the borrower's credit history. Explain how each of these pieces of information influences the approval or rejection of the application for financing.
What is interest earned by a lender but not yet collected? As well as what is interest earned by a lender, whether collected or not? Please explain.
why loan officer prefer accrual basis accounting
Which are the major problems facing a lender when reviewing a loan request made by a borrower?
What is the difference between a credit score(FICO) and a credit report. How/where can you check your report? How/where can you check your score?
Documents of credit appraisal for individual loan.
What are the use of primary tools, and how are they used by lenders when determining whether they will lend money to you?
What do I need to do to build a solid credit history and how can I maintain it?
What is the difference between your credit report and your credit score? What is a good credit score?