BUSN 380 STUDY Learn Do Live /busn380study.com BUSN 380 STUDY Learn Do Live /busn380study.com | Page 55

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
Capital
Capacity