The credit applicant's character includes all of the following EXCEPT
A) a moral commitment to pay.
B) their level of liquid assets.
C) pending legal judgments.
D) their past payment history.

Question

Quizplus · Accepted Answer

The credit applicant's level of liquid assets is not a factor in determining their character, which refers to their trustworthiness and reliability in paying back the credit. The other options listed are all factors that contribute to the assessment of a borrower's character.

The Credit Applicant's Character Includes All of the Following EXCEPT