ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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payment history
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length of employment
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personal health history
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personal educational background
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Detailed explanation-1: -Answer. I think the answer may be Personal Education Background.
Detailed explanation-2: -Understanding Creditworthiness The decision the lender makes is based on how you’ve dealt with credit in the past. so, lenders look at several different factors: your overall credit report, credit score, and payment history.
Detailed explanation-3: -Most lenders use the five Cs-character, capacity, capital, collateral, and conditions-when analyzing individual or business credit applications.
Detailed explanation-4: -Creditworthiness is commonly measured by an individual’s credit score. The higher the score, the more creditworthy that person is considered to be. Your creditworthiness can determine what kind of interest rate you’re offered on loans, or whether you’re approved for a loan at all.
Detailed explanation-5: -Step 1: Collect relevant details to extend credit. Step 2: Check credit reports. Step 3: Assess financial reports. Step 4: Evaluate the debt-to-income ratio. Step 5: Conduct credit investigation. Step 6: Perform credit analysis. 28-Apr-2022