Describe the three Cs of credit and why lenders feel they are important in evaluating a loan
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (16 reviews)
Lenders often evaluate credit applicants on the basis of character capital and capaci...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Personal Finance An Integrated Planning Approach
ISBN: 978-0136063032
8th edition
Authors: Ralph R Frasca
Question Posted:
Students also viewed these Accounting questions
-
List steps you can take to protect yourself against credit card fraud. What is your liability limit on a lost or stolen credit card?
-
Discuss steps you can take to safeguard your personal information.
-
As an employer, what are steps you can take to avoid discrimination litigation?
-
An inductor has a linear change in current from 50 mA to 100 mA in 2 ms and induces a voltage of 160 mV. Calculate the value of the inductor.
-
Lien, the proprietor of a grocery store, prepares her Deluxe Nut Combo Mix by mixing various ingredients she buys in bulk. The second column of the following table shows the amount of each ingredient...
-
Water is being heated in a closed pan on top of a range while being stirred by a paddle wheel. During the process, 30 kJ of heat is transferred to the water, and 5 kJ of heat is lost to the...
-
How has high population, urbanization, mobility, and increasing dependence on manufacturing and information affected family and gender?
-
Antiquities, Ltd., produces antique-looking books. Management has just received a request for a special order for 2,000 books and must decide whether to accept it. Venus Company, the purchaser, is...
-
Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 1 0 0 % of capacity during the first month. The following data summarize the...
-
Consumer Research, owned by Chandler Robertson, is retained by large companies to test consumer reaction to new products. On January 31, 20X1, the firms worksheet showed the following adjustments...
-
Explain how credit serves as a. A shopping convenience b. A means to increase total consumption benefits c. A hedge against inflation d. A source of emergency funds
-
Which method for determining the outstanding balance on a revolving credit account is likely to determine the lowest outstanding balance? Which method is likely to determine the highest outstanding...
-
Write a paper in which you: Articulate your position as the top administrator concerned about the importance of professional conduct within the health care setting. Justify your position. Ascertain...
-
We can transform the wave equation from a partial differential equation to an ordinary differential equation by considering sustained harmonic motion of the type \(\cos (n t+\phi)\). Using the...
-
A tank contains \(500 \mathrm{~kg}\) of a liquid whose specific gravity is 2. Determine the volume of the liquid in the tank.
-
An electric current is uniformly distributed throughout a long, straight wire that has a diameter of \(10 \mathrm{~mm}\). If the current through the wire is \(3.0 \mathrm{~A}\), calculate the...
-
An electron travels at a velocity of \(3.0 \times 10^{6} \mathrm{~m} / \mathrm{s}\) parallel to a sheet carrying a current to the right. When a uniform electric field of magnitude \(200 \mathrm{~V} /...
-
Consider one three-dimensional, time-dependent problem to illustrate the power of a Green's function solution. We are interested in doping a semi-infinite boule of initially pure, single crystal...
-
A string has a mass of 3.0 g and a length of 60 cm. What must be the tension so that when vibrating transversely its first overtone has frequency 200 Hz?
-
A manufacturer can sell product 1 at a profit of $20 per unit and product 2 at a profit of $40 per unit. Three units of raw material are needed to manufacture one unit of product 1, and six units of...
-
What are the three principal reasons that organizations keep cash?
-
What is the primary disadvantage of the of the corporate form of organization? Name at least two of the advantages of corporate organization.
-
What is the primary disadvantage of the of the corporate form of organization? Name at least two of the advantages of corporate organization.
-
What is the primary disadvantage of the of the corporate form of organization? Name at least two of the advantages of corporate organization.
-
For each of the following: identify all critical numbers and use these to determine all region(s) where the function is increasing as well as all region(s) where the function is decreasing. Then...
-
Determine the most suitable data structure for the above graph and show it adjacency representation. (5 markah/marks)
-
The table gives the outdoor temperatures observed by a science student on a spring day. Draw a graph of the data, and find the average rate of change of temperature between the following times: a)...
Study smarter with the SolutionInn App