In assessing a person's creditworthiness using the Five Cs of Credit, which of the following is applicable in the category of "capacity"?
A) The income of the person applying for credit
B) The value of the asset that will secure the loan
C) The amount of other debt the applicant already owes
D) The credit score of the person applying for credit
Correct Answer:
Verified
Q19: In order to assess a prospective borrower's
Q20: Lenders will consider borrowers who have _
Q21: If you don't make payments on a
Q22: It is recommended that borrowers take the
Q23: Bankruptcy appears on your credit report _
Q25: All of the following are reasons that
Q26: Which of the following is not one
Q27: When lenders evaluate your sources of income
Q28: When you know that you cannot meet
Q29: A person who agrees to take responsibility
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