The only quantitative measure of a consumer loan applicant's character is their:
A) down payment.
B) home equity.
C) time on the job.
D) credit report.
E) credit card balance.

Question

Quizplus · Accepted Answer

A credit report is a quantitative measure that provides detailed information on how a consumer has handled credit in the past, including their payment history and credit utilization, which can be used to assess their character in terms of financial responsibility.

The Only Quantitative Measure of a Consumer Loan Applicant's Character