Which of the following is TRUE of a credit applicant's character?
A)It reflects a credit applicant's ability to repay his debt obligation.
B)It reflects a credit applicant's past payment history.
C)It reflects the level of liquid assets available with a credit applicant.
D)It reflects any unique conditions surrounding a credit applicant's transaction.

Question

Quizplus · Accepted Answer

A credit applicant's character refers to their past payment history and their trustworthiness in repaying debts. It is often evaluated through their credit score and credit report, which detail their history of making timely payments and fulfilling financial obligations.

Which of the Following Is TRUE of a Credit Applicant's