You are playing the role of a loan officer. You have to make the determination whether Don Jones gets a loan. You will use some combination of his credit score, income, and net worth to either grant or deny the loan. • Don is asking for $250,000 to purchase a second home that he will use as a vacation home. He also states that he will earn additional income by putting it on Air BnB when he is not using it. Don's credit score is 675 • Don is currently a car salesman that earned $125,000 last year. He has been selling cars for two years, but has been employed by three different dealerships. In the five years prior to his career as a car salesman, Don had many other jobs, none of which he kept for more than one year. • Don currently owns one home and two cars. His home is appraised at $400,000, but he still owes $300,000. His first car is paid for and worth $10,000 and his second car is worth $40,000 and he owes $42,000. Is Don a low, medium or high credit risk? Would you grant Don the loan? Why or why not?

You are playing the role of a loan officer. You have to make the determination whether Don Jones gets a loan. You will use some combination of his credit score, income, and net worth to either grant or deny the loan. 

• Don is asking for $250,000 to purchase a second home that he will use as a vacation home. He also states that he will earn additional income by putting it on Air BnB when he is not using it. Don's credit score is 675 

• Don is currently a car salesman that earned $125,000 last year. He has been selling cars for two years, but has been employed by three different dealerships. In the five years prior to his career as a car salesman, Don had many other jobs, none of which he kept for more than one year. 

• Don currently owns one home and two cars. His home is appraised at $400,000, but he still owes $300,000. 

His first car is paid for and worth $10,000 and his second car is worth $40,000 and he owes $42,000. Is Don a low, medium or high credit risk? Would you grant Don the loan? Why or why not?

Answer rating: 100% (QA)

Answer Credit score It is the numerical representation of your creditworthiness based on yo... View the full answer