What helps in determining the reliability of a person to repay debt? a. number of credit cards b. number of bank accounts c. credit score d. amount of credit e. credit type
What Helps In Determining The Reliability Of A Person To Repay Debt? A. Number Of Credit Cards B. Number Of Bank Accounts C. Credit Score D. Amount Of Credit E. Credit Type
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What Helps In Determining The Reliability Of A Person To Repay Debt? A. Number Of Credit Cards B. Number Of Bank Accounts C. Credit Score D. Amount Of Credit E. Credit Type. It is one of many measures a lender can use to determine if you will be approved for a. The amount of credit and the interest rate a borrower can get are.
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The factor that most significantly helps in determining a person's reliability to repay debt is their credit score. Understanding these factors can help lenders. The amount of credit and the interest rate a borrower can get are.
The Factor That Most Significantly Helps In Determining A Person's Reliability To Repay Debt Is Their Credit Score.
The factor that helps in determining the reliability of a person to repay debt is c (credit score). The amount of credit and the interest rate a borrower can get are. The borrower’s reputation and reliability in.
The Credit Process Credit Evaluation:
Creditworthiness is a measure of a person’s likelihood and ability to repay their debts. Assessing the creditworthiness of a borrower, often based on the "5 cs of credit character: We study how individuals repay their debt using linked data on multiple credit cards.
A Credit Score Is A Numerical Representation Of A Person's.
Repayments are not allocated to the higher interest rate card, which would minimize the cost of borrowing. Understanding these factors can help lenders. Payment history carries the most weight in determining creditworthiness.
In Order To Use Credit, However, A Borrower Must First Convince A Lender They Are Credit Worthy, Or Likely To Repay Their Debt.
The most important factor in determining a person's reliability to repay debt is their credit score, which reflects their creditworthiness based on their financial history. It is one of many measures a lender can use to determine if you will be approved for a. It directly reflects your past behavior towards repaying debt, offering the clearest indicator of future reliability.
A Credit Score Is A Numerical Representation Of A Person’s Creditworthiness Based On Their Credit.
Repayment ability is influenced by various factors, such as income, expenses, assets, liabilities, cash flow, and credit history.