In each situation listed below, identify whether a consumer lender would evaluate an individual's request to borrow money as positive and or negative, and explain why.
a. The economy's growth appears to be slowing.
b. The borrower has held his present job about 10 months.
c. The borrower rents an apartment close to her place of work on a month-to-month basis.
d. The borrower's monthly income fluctuates significantly due to sales commissions.
e. The borrower has a ratio of current debt obligations to disposable income of about 35 percent.

Question

In each situation listed below, identify whether a consumer lender would evaluate an individual's request to borrow money as positive and or negative, and explain why.
a. The economy's growth appears to be slowing.
b. The borrower has held his present job about 10 months. 
c. The borrower rents an apartment close to her place of work on a month-to-month basis.
d. The borrower's monthly income fluctuates significantly due to sales commissions. 
e. The borrower has a ratio of current debt obligations to disposable income of about 35 percent.

Quizplus · Accepted Answer

The Answer of In each situation listed below, identify whether a consumer lender would evaluate an individual's request to borrow money as positive and or negative, and explain why.
a. The economy's growth appears to be slowing.
b. The borrower has held his present job about 10 months. 
c. The borrower rents an apartment close to her place of work on a month-to-month basis.
d. The borrower's monthly income fluctuates significantly due to sales commissions. 
e. The borrower has a ratio of current debt obligations to disposable income of about 35 percent.

In Each Situation Listed Below, Identify Whether a Consumer Lender