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