Assignment 3.5 - Debt Repayment Plan and Analysis Template (1)

Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a​ consumer's stage of the financial life​ cycle, income, net​ worth, or credit score affect the availability of loan sources and the associated cost of the loans​ offered?         Question content area bottom Part 1 Which of the following statements is​ correct?  ​(Select best answer​ below.)     A. ​Typically, stages of the financial life​ cycle, income, and net worth move inversely with credit​ score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   B. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move in​ unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   C. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score…

Consumers should comparison shop for credit just as they would for any other consumer good or service. How might a​ consumer's stage of the financial life​ cycle, income, net​ worth, or credit score affect the availability of loan sources and the associated cost of the loans​ offered?       Question content area bottom Part 1 Which of the following statements is​ correct?  ​(Select best answer​ below.)     A. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move in​ unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   B. ​Typically, stages of the financial life​ cycle, income, and net worth move inversely with credit​ score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.   C. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move…

What are the 5 Cs of credit that are sometimes used by bankers and others to determine whether a potential loan will be repaid?

How do you create a loan in Quickbooks? A. Select Banking > Create Loan B. Use the loan manager C. Create the loan account D. Create a liability account

Reflect on a personal experience with credit. What did you learn from that experience, and how has it shaped your current approach to managing credit and debt? Consider the five factors commonly referred to as the 5 Cs of credit (Character, Capacity, Capital, Collateral, Conditions). How do these factors apply to your own financial situation, and what steps can you take to strengthen your creditworthiness?

A good credit rating would be based on all the following criteria EXCEPT whether you   a. have a record of paying what you owe on time.   b. have little or no current debt.   c. use credit for regular expenses.   d. can afford to take on more credit.   e. have used credit appropriately in the past.

Going to a bank and applying for a mortgage loan would be an example of what type of financing?    Group of answer choices   Equity Financing Debt Financing Liquidiity Financing Abraham Lincoln

Which statement best describes the role of a credit agency? OIt tracks the use of credit for lenders. It predicts future earning potential for lenders. OIt teaches how to make smart financial decisions. OIt shows how saving money makes financial sense.

Which one of the following best defines the term credit scoring?  A.  Categorizing customers into groups depending on the length of time it takes each customer to pay for purchases   B.  Compiling a list of accounts receivable segregated by the length of time each receivable has been outstanding   C.  Evaluating the opportunity costs of a credit policy   D.  Process of quantifying the probability of default when granting credit to customers   E.  Tracking of both the number and the size of customer orders over a period of time

Defining common receivables terms Match the terms with their correct definition.

TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019) What do you think are banks, lending institution and financing companies look for when reviewing a loan application of prospective client borrower? The most fundamental characteristics most prospective lenders will concentrate on include: 1. Credit history 2. Cash flow history and projections for the business 3. Collateral available to secure the loan 4. Character 5. Myriad pieces of loan documentation that includes business and personal financial statements, income tax returns, a business plan and that essentially sums up and provides evidence for the first four items listed.