What is most likely to cause a lender to deny credit?

Group of answer choices

Few credit and loan applications

A low debt-to-credit ratio

Missed payments on revolving credit

Variety of credit type used

Answers

Answer 1

Answer:

Missed payments on revolving credit

Explanation:

Lenders use credit history and income level to assess the borrower's ability to repay a loan. Missing on installment payments or defaulting on revolving credit payments is indicative of a high-risk borrower. The lender will judge such a customer are highly likely to default on the loan.

Missing installments could communicate an inability to repay due to inadequate income, too many debts, or poor money management. Lenders will reject a loan application from such a borrower due to the high risk of lending to the customer.


Related Questions

Which of the following most accurately describes the change in average weekly earnings since 1980?
Gradpoint

Answers

Answer:

Which of the following most accurately describes the change in average weekly earnings since 1980 Average weekly earnings have risen for college-educated workers only Which of the following workers is likely to earn the highest wage

Only college-educated workers' average weekly incomes have increased is most accurately describes the change in average weekly earnings since 1980.

What is income?

Income is the money an individual receives in compensation for his or her work, services, orinvestments, or the money generated by a company's sales of goods and services.

Thus, Only college-educated workers income is increased.

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Which of the following allows for response tracking most easily?
SETELAH
A. Signage
B. Radio advertising
C. Television advertising
D. Internet advertising

Answers

Answer: internet advertising

Explanation:

Which of these options for saving money typically offers the most liquidity?
A. Savings bond
B. Savings account
C. Certificate of deposit
D. Money market account

Answers

Answer:savings account

Explanation:

Answer:

B. Savings account

Explanation:

The markdown could be a dollar amount or a

Answers

Answer:

Percentage of the selling price

Explanation:

Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.

Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.

What is the journal entry for “bought good for cash from m/s rupa traders”

Answers

Answer:

see below

Explanation:

The action of buying goods from r/s rupa increase inventory/purchases ( asset account) and reduces cash( asset) in the business.

An increase in assets account is debited, while a decrease is credited. The journal entry will be

Purchases a/c  Dr

Cash a/c     Cr


When does the price of an item increase?

Answers

Answer:

WHEN TAXES GET HIGH

Explanation:

ZASXSXSXSXSSXSXSXSXSX

Answer:

THE PRICE INCREASE when it have cent

Explanation:

2.01 plus taxes

Lee starts entering data into the table. He types in the mass of Mercury. Next, he wants to type in the diameter of Mercury.

A 3 column table with 4 rows. Column 1 is labeled Planet with entries Mercury, Venus, Earth, Mars. Column 2 is labeled Mass (10 Superscript 24 Baseline kilograms) with entries .33, blank, blank, blank. Column 3 is labeled Diameter in kilometers with 4 blank entries.

What should he do to get to the appropriate cell?

Answers

Answer:

Her weight is lower on Venus because the acceleration due to gravity is lower.

Explanation:

Answer:

press the tab key

Explanation:

edge 21

Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a holding cost per unit of $24.00, and an annual production rate of 292,000 units. The firm operates and experiences demand 365 days per year.

a. What is the Production Order Quantity?

b. What is the max inventory on hand?

c. What is the average inventory?

d. What are the total holding costs?

e. What does it cost to manage the inventory?

Answers

Answer:

a 1,560 units

b 780 units

c 390 units

d $18,720

e $9,360

Explanation:

Given that;

Production = 292,000

Daily demand , d = 400

Annual demand , D = 400 × 365 = 146,000

Production rate , P = 292,000 ÷ 365 = 800

Set up cost , Cs = $100

Holding cost , Ch = $24

a. What is the production order quantity

= √2 * D * Cs / CH × (p / p - d)

= √ 2 * 146,000 * 100/24 × (800/800-400)

= √1216666.6667 × 2

= √2433333.3334

= 1559.91

=1,560 units approximated.

b. What is the maximum inventory on hand

= EPQ × [ 1 - (d÷p) ]

= 1,560 × [ 1 - (400 ÷ 800) ]

= 1,560 × 0.5

= 780 units

c. What is the average inventory

= Maximum inventory ÷ 2

= 780 ÷ 2

= 390 units

d. What are the total holding costs

= EOQ/2 * Holding cost

= 1,560/2 * 24

= 780 *24

= $18,720

e. What does it cost to manage the inventory

= Holding cost * (Maximum inventory ÷ 2)

= 24 * (780 ÷ 2)

= 24 * 390

= $9,360

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