BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 46

Question 4. Dividing monthly debt payments (not including house
payments) by net monthly income will allow you to calculate your
_____.
net-worth-to-debt ratio
debt-payments-to-income ratio
liability status
credit capacity status
income-to-liability ratio
Question 5. In determining your credit capacity, you first provide for
basic necessities, such as
furniture.
home furnishings.
mortgage or rent.
automobiles.
durable goods.
Question 6. Personal bankruptcy can be reported to credit bureaus for
_____ years.
5
7
10
15
25
Question 7. When a loan officer is examining your income and the
amount of your existing debt payments in deciding whether to make a
loan to you, which aspect of the five Cs of lending is the loan officer
most likely looking at?
Character
Collateral