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What are the 3 C's that are used to help decide your ability to repay credit called?
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What is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay the money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
Which term describes the ability to repay debt?
its called creditworthiness, basically the bank has your trust.
What is the credit limit of credit card?
A credit limit is the maximum amount of credit that a lender will extend to a debtor for a particular tradeline. For example, it is the most that a credit card company will allow a card holder to take out at once on a card.This limit is based on a variety of factors ranging from an individual's ability to make interest payments, an organization's cashflow and/or ability to repay the credit card debt.
Can someone with a mortgage get another mortgage to buy a second house?
If they have good credit and the ability to repay. Most people who own multiple homes have multiple mortgages.
What term describes the ability to repay debt?
Creditworthiness
Is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
What is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay the money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
History of credit in the Philippines?
History of credit in the Philippines is common when one is borrowing money. The lender will look at your credit history so as to determine the ability to repay money borrowed.
Why are credit investigations criticized?
Credit investigations are criticized because they are seen as invasive and intrusive into an individual's financial privacy. They can also be seen as discriminatory, as they disproportionately affect individuals with lower incomes or poor credit histories. Additionally, some argue that credit investigations do not provide a holistic view of an individual's financial stability or ability to repay a loan.
Which term describes the ability to repay debt?
its called creditworthiness, basically the bank has your trust.
What is mortgage for a condo in Florida?
A local lender can answer your question, the answer for which depends upon the price of the unit, your down payment, your credit rating and your ability to repay the loan.
What is the credit limit of credit card?
A credit limit is the maximum amount of credit that a lender will extend to a debtor for a particular tradeline. For example, it is the most that a credit card company will allow a card holder to take out at once on a card.This limit is based on a variety of factors ranging from an individual's ability to make interest payments, an organization's cashflow and/or ability to repay the credit card debt.
Can someone with a mortgage get another mortgage to buy a second house?
If they have good credit and the ability to repay. Most people who own multiple homes have multiple mortgages.
Why credit score is important?
Your credit score is one aspect of your credit worthiness that is used to determine your qualification for credit (credit cards, loans, advances). In addition to establishing your general ability and willingness to repay credit, it can determine the terms of that credit (interest rates, periods, points). The score is widely seen by credit and capital providers as the "grading" of your suitability for credit.
What are the 3c's of credit?
The 3 C's of credit are character (credit history and reputation), capacity (financial ability to repay debt), and collateral (assets that can be used to secure a loan). Lenders use these factors to evaluate a borrower's creditworthiness when deciding whether to approve a loan.
What term describes the ability to repay debt?
Creditworthiness
What is an at risk borrower?
A person whose ability to repay is questionable.
