Which of the following loan applicant characteristics is not relevant in the credit approval decision?

Question

Quizplus · Accepted Answer

All of the loan applicant characteristics listed are relevant in the credit approval decision. The lender needs to evaluate the borrower's ability to repay the loan (income and leverage position), the level of risk (value of collateral), and the borrower's creditworthiness (reputation). Therefore, none of the characteristics listed are irrelevant.

Which of the Following Loan Applicant Characteristics Is Not Relevant