0
What else can I help you with?
What three types of information do creditors use to determine a prospective borrower's creditworthiness?
well, theres corinary, which is how many of your family members are alive, and what their jobs are. theres resiedntial, where you live and how you live. and the personality clause, which is weather you creditor likes you enough to lend the money
Why a creditor will be reviewing your credit history?
amount of debt
When was The Politically Incorrect Guide to American History created?
The Politically Incorrect Guide to American History was created in 2004-12.
Who is the primary borrower on the car loan?
The primary borrower on a car loan is the person who is responsible for repaying the loan and whose credit history is used to determine the loan terms.
How old does a co-borrower of a loan have to be?
18 with a credit history.
Can you explain how having a cosigner works?
Having a cosigner means that someone with a good credit history agrees to be responsible for a loan if the primary borrower cannot pay. This can help the borrower qualify for a loan or get better terms, but it also puts the cosigner at risk if the borrower defaults.
How is a primary borrower's credit affected if he or she defaults on a loan but the cosigner pays the loan?
The defaulted debt will become a negative entry on the primary borrower's credit history and will remain for the required 7 years.
How do you get a writ taken off your credit history?
Get a copy of your report and write the creditor responsible for the discrepancy.
How do lenders evaluate the likelihood that a borrower or cosigner will repay the loan?
Lenders evaluate the likelihood of repayment by looking at the borrower's credit history, income, employment stability, and debt-to-income ratio. They also consider the cosigner's financial situation and creditworthiness.
What are the 3 Cs of lending?
# Credit - can the borrower display a history of creditworthiness # Capacity - can the borrower's current financial situation (income and expenses) support repayment of the debt according to the contract terms # Collateral - does the collateral being offered (in the case of a mortgage, this is the home itself) have enough intrinsic value to protect the lender's interests in case of borrower default
Can a creditor refuse to accept a check as payment?
Yes ... why would a creditor someone even consider taking a credit card payment from someone who has a history of not paying their credit card bills. Think !!!
Franchise Loans?
form_title=Franchise Loans form_header=Run your franchise with help from a franchise loan. Invest for big rewards. How much cash do you, the borrower, have to invest in the franchise?=_ How much collateral do you, the borrower, have to secure the loan?=_ What is your credit history?=_ How much do you want the loan for?=_
