In evaluating a borrower's creditworthiness,income and expenses are carefully reviewed,but assets are not relevant.

Question

Quizplus · Accepted Answer

Assets are relevant in evaluating a borrower's creditworthiness. Lenders look at a borrower's total financial picture, including their assets, to assess their ability to repay a loan. Assets can include cash savings, investments, property, and other valuable possessions.

In Evaluating a Borrower's Creditworthiness,income and Expenses Are Carefully Reviewed,but