When a lender looks at your FICO credit score to decide whether to lend to you, which of the "Five C's of Credit" is it considering?

Q: Define the following using your own words and give examples To credit Debit Credit

A: Introduction:- Debit column is on the left and the credit column is on the right. Every transaction…

Q: ypes of credit extension? Which one is biggest?Writing the lending process to provide loan for…

A: Credit extension means the loans granted.

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: Investigate the procedures in your financial institution in granting credit cards and the possible…

A: The procedures in my financial institution (it is a bank) in granting credit cards are discussed…

Q: How do sellers benefit from allowing their customers to use credit cards?

A:

Q: What is the difference between a credit score(FICO) and a credit report. How/where can you check…

A: Credit Score- It is a number that  helps the lender to evaluate the credit worthiness  of an…

Q: pre-approved amount of open-end credit, based on a borrower's ability to pay, is called a(n) _____.…

A: There are different types of credit available in the market and it all depends on the agreement…

Q: how to understand the characteristics of letter of credit

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

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

A: Credit card can be defined as a payment card where line of credit is provided to the customers. With…

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: which of the following source of finance comes with a line of credit ? a. Credit card b. Mutual Fund…

A: There are various sources of finance

Q: Which of the following is not a company that can provide you with a look at your credit score? a.…

A: There are three companies given in the question which are working in the credit field: Credit Karma…

Q: What is credit history? A record of a person's borrowing and repayment activity used to calculate…

A: Credit history checks if the borrower has been responsible with the debt payments or not. It checks…

Q: The customers of the company would like to know its credit worthiness and the terms of payment. O…

A: Accounting concept states the basic principles, assumptions as well as rules that work on the…

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: What is the difference between your credit report and your credit score? What is a good credit…

A: Introduction to Credit report A credit report is prepared by a credit bureau and is a breakdown of a…

Q: Discuss the 8 factors that a lender should consider when deciding whether to grant or not grant a…

A: Any business want to put your best foot forward when applying for a loan but this can be difficult…

Q: What is a line of credit? A revolving credit agreement?

A: If a lender offers a revolving loan account, a particular credit cap is allocated to the lender.…

Q: ow to record credit sale in an entrie?

A: Credit sales mean the amount which is delayed to paid but agreed to pay in future by the consumer.

Q: Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would…

A: A credit card refers to a short-term financial product. It provides the short-term debt funds at a…

Q: what is credit and why is it important how do you build your credit how do you check your credit…

A: Credit is a very important part of meeting one’s personal financial objective. It is used by…

Q: When a lender looks at your FICO credit score to decide whether to lend to you, which of the “Five…

A: The five Cs of credit is a system used by lenders to get the creditworthiness of borrower

Q: Which of the following credit terms would be more generous to your customers:  n/30 or n/eom?

A: The answer for the question on credit term is discussed hereunder :

Q: mportance of a credit score for financial planning.

A: Since there are multiple questions are given, so as per answering guidelines we do only first one.

Q: Credit selection involves the application of techniques to determine which customers should receive…

A: Credit selection refers to the decision to whether the company should extend the period or the…

Q: What increases your credit score

A: Credit scores are given by banks to customers.Credit scores are very important to get credit from…

Q: A friend owns a business that extends credit to its customers.  The friend has asked you to helps…

A: Estimation of uncollectible accounts involves company creating a provision for the percentage of…

Q: What are the four things that affect your card-based credit costs?

A: A credit score is a number utilized by moneylenders to survey the likelihood of crediting cash to a…

Q: A credit bureau, AKA credit agencies, are companies that collect credit information about…

A: A credit bureau can be defined as a company that gathers and researches information about…

Q: What is a credit score? O The number of credit cards a person has. O The number of years a person…

A: Credit score is a 3 digit number ranging from 300 to 900 representing the creditworthiness of the…

Q: The fee charged for using a credit card is called O APR O Interest O late fee O credit rating

A: Credit cards are provided by banks if customer is willing to take if he/she has an account with the…

Q: How credit ratings companies evaluate and determine credit for consumers?

A: Credit rating is referred as the opinion derived from the credit agency which determines the ability…

Q: The credit bureau score model of credit scoring examines: Group of answer choices D. In-house data…

A: Credit bureau examines the applicant credit worthiness before granting a loan. If applicant has good…

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: Explain when EXACTLY you would prefer the previous balance method to the average daily balance…

A: The previous balance approach of estimating finance costs uses the balance at the start of the…

Q: 18. Which of the following would be found on a consumer's credit report? A. a savings account…

A: In the given question we are given 4 options regarding credit report and we need to choose the best…

Q: Documents of credit appraisal for individual loan.

A: Credit appraisal basically refers to assessing a particular loan application or proposal in a…

Q: ence between yo

A: Introduction : In simple words, the ability of an individual to purchase a commodity with the intent…

Q: Describe methods of calculating Interests on Your Credit Cards?

A: A card that is generally issued by the banks that helps the person to borrow the money up to the…