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Before giving you a loan or credit, lending institutions may want to know more about you to help determine whether you are a good person to give a loan or credit to
Before giving you a loan or credit, lending institutions may want to know more about you to help determine whether you are a good person to give a loan or credit: CHARACTER in 5 C's of Credit
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Expert answered|jhennv|Points 5314|
Question|Asked by demonrider1999
Asked 8/16/2016 8:49:22 AM
Updated 8/16/2016 10:35:05 AM
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This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/16/2016 10:35:05 AM]
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Questions asked by demonrider1999
What is true about preferred stocks?
Weegy: Preferred stock is a type of stock which may have any combination of features not possessed by common stock including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. (More)
Question
Updated 8/16/2016 7:48:57 AM
0 Answers/Comments
In regards to credit, what does capacity mean?
Question
Not Answered
Updated 8/16/2016 8:50:16 AM
1 Answer/Comment
In regards to credit, capacity measures a borrower's ability to repay a loan by comparing income against recurring debts and assessing the borrower's debt-to-income (DTI) ratio.
Added 8/16/2016 8:50:16 AM
This answer has been confirmed as correct and helpful.
If you are trying to establish credit history, what is a good place to start?
Question|Asked by demonrider1999
Not Answered
Updated 291 days ago|12/13/2019 10:26:29 AM
1 Answer/Comment
If you are trying to establish credit history, Gasoline or department store credit card is a good place to start.
Added 291 days ago|12/13/2019 10:26:29 AM
This answer has been confirmed as correct and helpful.
Lenders always accept applications for credit. TRUE or FALSE.
Weegy: Lenders always accept applications for credit. False. (More)
Question|Asked by demonrider1999
Expert Answered
Updated 8/16/2016 10:26:38 AM
0 Answers/Comments
What is a disadvantage of using credit?
Weegy: dis ad van tage (dsd-vntj) n. 1. An unfavorable condition or circumstance. 2. Something that places one in an unfavorable condition or circumstance. 3. Damage or loss, especially to reputation or finances; detriment. tr.v. [ dis ad van taged, dis ad van tag ing, dis ad van tag es To put at a disadvantage; hinder or harm. ] User: The assets that you currently own are known as which of the following? (More)
Question|Asked by demonrider1999
Not Answered
Updated 9/6/2019 12:07:44 AM
2 Answers/Comments
The assets that you currently own are known as CAPITAL.
Added 9/6/2019 12:06:41 AM
This answer has been confirmed as correct and helpful.
The use of credit can lead to overspending is a disadvantage of using credit.
Added 9/6/2019 12:07:44 AM
This answer has been confirmed as correct and helpful.
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