Q: Why is it essential to know different kinds of loans?
A: A loan helps in determining the money supply and helps new businesses in the lending process. The…
Q: Explain the characteristics of credit products.
A: When the banks or any financial institutes commitments or guarantees on the behalf of the customers…
Q: What are industry benchmarks, and why are they used in the credit evaluation process?
A: The answer for the question on the industry benchmarks used in the credit evaluation process is…
Q: What do I need to do to build a solid credit history and how can I maintain it?
A: credit score history is a method to judge a customer's capability of paying his credit amount taken…
Q: What type of loan/s these banks offer? Explain how they use this type of loan among their clients
A: Loans are the debt form that is incurred by an individual or entity. The lender of the loan is…
Q: How do sellers benefit from allowing their customers to use credit cards?
A:
Q: What is the net credit sales?
A: As per the information given, Net credit sale = Closing balance of Trade and other receivables -…
Q: xplain the importance of maintaining good credit rating
A: Credit refers to the ability of an individual or an entity to borrow money from some other…
Q: Find an Example of a Commercial credit policy from the internet and highlight thei important parts…
A: The commercial credit, often known as the business credit sheet, corresponds to a sum of the…
Q: How does credit scoring operate, and how are we as consumers and users of credit effected by it?
A: Credit Scoring - Credit scores are calculated with the help of the details of the old payment…
Q: Credit scoring is a process used to Multiple Choice determine what interest rate to charge a…
A: Credit score : it is a number between 300 - 850 which depicts consumers creditworthiness.
Q: Illustrate some examples in the area of loan transactions?
A: Loan transactions Accounting: Loans refer to one of the best options for financing. Every business…
Q: Explain what important information we can get from each sources of credit information to be able to…
A: Financial organizations seek to reduce the risk of supplying to borrowers by completing a credit…
Q: Bank loans often are arranged under existing lines of credit. What is a line of credit? How does a…
A:
Q: w do yo
A: Introduction : A credit history can be understood as a history of a debtor's timely debt repayments.…
Q: When selecting a financial institution, you should consider: (select all that apply) fees for…
A: Financial institutions are the entities providing financial services in the nature of accepting…
Q: Explain why a loan officer always looks at a credit report before making a loan. What should you do…
A: The credit report is a way of assessing the credit history of the person seeking loan. By looking at…
Q: When can we used credit union?
A: Credit unions are the institutions or co-operatives that give banking services. These unions are…
Q: Which of the following are secured loans? (select all that apply) |student loans credit card debt |…
A: Secured loans are the loans which are backed by any asset of the borrower. In other words, if…
Q: Commercial banks are a major source of term loans. These loans are best used for:
A: Commercial banks are financial service providers of small size and mid-size businesses. They provide…
Q: When a lender looks at your FICO credit score to decide whether to lend to you, which of the "Five…
A: When a lender looks at your FICO credit score to decide whether to lend to you, he is considering…
Q: The problems of credit extension and give examples and illustrations
A: The term credit extension refers to the process of making and renewing the loan, letter of credit,…
Q: Building a good credit rating is integral to which of the following? Ability to have access to…
A: Meaning: Credit rating is the measurement of the past performance of a company related to loans and…
Q: When financial institutions, such as banks or credit unions, advertise the rates on their loans,…
A: APR is the annual percentage rate. EAR is the effective annual rate. Banks, financial institutions…
Q: If a consumer with a relatively low credit score applied for a loan from your bank, what other…
A: WHAT IS CREDIT CRITERIA- Credit criteria area unit the factors employed by lenders to work out…
Q: Are credit rating agencies reliable?
A: Credit rating Agencies rates the banks as per its past borrowing performance. These agencies measure…
Q: How Do We Manage our Credit Card Debt?
A: There are many ways to manage the credit card debt. Some of them are below: Pay more than the…
Q: Explain whati mportant information we can get from each sources of credit information to be able to…
A: The answer is given below:
Q: types of credit extension? which one is the biggest?
A: Different types of credit extensions are a) Personal loans-granted to individuals on the basis of…
Q: What are the 5 Cs of credit that are sometimes used by bankers and others to determine whether a…
A: While granting credit banks do analysis of that loan amount will be repaid without any problem.
Q: nt stud
A: Introduction : In simple words, student loans refers to the amount borrowed by individuals to…
Q: How does peer to peer lending is different from traditional banking lending for Credit Mutuel Group?
A: Peer-to-peer lending is a type of crowd-funding that allows those who wish to invest to lend money…
Q: Explain the purpose of credit rating. Explain the variables of industry analysis, which is the first…
A: The question based on the need and process of credit rating. Credit rating is process to check the…
Q: Explain the disadvantages and dangers of Home Equity Loans.
A: The disadvantages of home equity loans:Higher rate of interest: The interest rates are typically…
Q: What can you do to build and maintain your credit rating? Why is this important
A: Credit score is used to assess the quality of the credit of the borrower And it is based on 4…
Q: Who needs credit and collection management and why do they need ccm?
A: when the revenue cycle management for the credit and collection management is done by the healthcare…
Q: Which of the following would result in a soft credit inquiry? o mortgage loan application O…
A: Soft credit inquiry means inquiry of your own credit scores. This inquiry will not affect the credit…
Q: How does the cost of costly trade credit generally compare with the cost of shorttermbank loans?
A: Trade credit is that the quantity businesses owe to their suppliers on inventory, products, and…
Q: ence between yo
A: Introduction : In simple words, the ability of an individual to purchase a commodity with the intent…
Q: Define consumer credit markets
A: CONSUMER CREDIT MARKET- Consumer credit refers to short- and intermediate-term personal…
Q: Briefly discuss the following: 1. When does commercial credit occurs? 2. What attributes does…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
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- Identify the various sources of consumer loans.What are the advantages and disadvantages of using credit scoring to evaluate a loan application?Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a consumer's stage of the financial life cycle, income, net worth, or credit score affect the availability of loan sources and the associated cost of the loans offered? Question content area bottom Part 1 Which of the following statements is correct? (Select best answer below.) A. Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. B. Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. C. Typically, stages of the financial life cycle, income, net worth and your credit score…
- Why do we need to check the credit worthiness of credit customers before granting their credit application?How credit ratings companies evaluate and determine credit for consumers?Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a consumer's stage of the financial life cycle, income, net worth, or credit score affect the availability of loan sources and the associated cost of the loans offered? Question content area bottom Part 1 Which of the following statements is correct? (Select best answer below.) A. Typically, stages of the financial life cycle, income, net worth and your credit score move in unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. B. Typically, stages of the financial life cycle, income, and net worth move inversely with credit score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. C. Typically, stages of the financial life cycle, income, net worth and your credit score move…
- Your company provides credit to customers. Someof these customers default on their loans, with verynegative implications for you. Describe how you coulduse discriminant analysis to learn what distinguishesthe customers who default on their loans from thosewho pay back their loans. How might you use such amodel?The problems of credit extension and give examples and illustrationsWrite some of the examples of commercial loans?
- What are the 5 Cs of credit that are sometimes used by bankers and others to determine whether a potential loan will be repaid?What is the difference between a credit sale (with a higher price as compared to the cash sale) and an interest based loan transaction? Explain it with an example.When financial institutions, such as banks or credit unions, advertise the rates on their loans, they often report the APR. If you wanted to compare the interest rates on loans from different financial institutions, should you compare the APRs? Explain.