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Re: Week 3 - DQ 5- JJ Posted: Fri 04/08/2011 08:04 PM , by: Jeffrey Peterson ( jjpeterson2004@email.phoenix.edu ) Previous  |  Next View Thread Red(High) Yellow(Medium) Blue(Low) No Flag workweek # DQ 5       Employment and educational background both fall lollyher the same category, which is character.  Character helps a lender decide if you ar a good person to lend to based on your personal write up and how it can change your course credit risk.        indirect is something that the lender either keeps until the loan is paying(a), or will reposess if the loan is defaulted on.  It is very common, for instance a car loan or a home loan would require that the bank be listed on the title or deed until the loan is paid off.  Collateral is required for many people because their credit cleverness not be great.  It can help the lender arrive a back up if the borrower would default on payment, that stylus they would still be able to sell the item to impose loses.  For instance during this recession when many people were unable to take the mortgage payment the bank reposed their homes, because the homes were the collateral.   Week 3d= dq Re: Week 3 - DQ 1-JJ Posted: Fri 04/08/2011 07:51 PM , by: Jeffrey Peterson ( jjpeterson2004@email.phoenix.

edu ) Previous  |  Next View Thread Red(High) Yellow(Medium) Blue(Low) No Flag * solution * View/Print * Remove * Flag Message * click as unread The five Cs of credit be; 1) Capacity: usually based on your household immediate payment flow, and your income expenses. 2) Capital: Lenders are interested in your households net worth, or capital. Lenders also consider if you can liquidate another(prenominal) assets to pay back your loan. 3)Collateral: Loans protected by collateral is a lot safer the lender than a one that is not.  The more precious the collateral, the better the lender likes it. 4) Character: your previous credit, employment, and education history tell the lender more about yourself. This type of credit is... If you want to get a full essay, order it on our website: Orderessay

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