Member Benefits
- Priority access to newly added professionally written papers.
- Discounts off our custom research/writing services.
- Additional credits that never expire offered at a discounted price.
- Each paper purchased stored in your customer section for the lifetime of your account.
- Cancel your membership at anytime.
Principles and Practices
We have many premium term papers and essays on Principles and Practices of Consumer Credit. We're the only site with ALL professionally written term papers, research papers, and book reports available to download. Our 200+ professional writers are always available to write a custom research paper.
Excerpt from :
Principles and Practices of Consumer Credit
......
The decision to grant credit is often based on programs that weigh a number of factors. At the core of these factors are the Five Cs of credit analysis: capacity, capital, collateral, conditions and character (Penwell, 2009). Capacity refers to the consumers ability to repay the loan (i.e. income level). Capital refers to the degree to which the consumer has to back the loan the down payment, for example. Collateral refers to physical assets, such as a house, car or boat, that can be used to back the loan. Conditions refer to the purpose of the loan. This especially refers to mortgages, since they are subject to a slightly different set of rules. Character refers to the perceived integrity of the borrower. Credit score is typically used as a proxy for character
To each variable a score will be assigned, and a weighting. When these scores are combined, the program will yield a recommendation with respect to the banks acceptance or lack thereof. The precise inputs for each variable and the weightings will be different at each bank, within the bounds set by law......
or
This essay and over 50,000+ other essays and term papers are available just for you!
download word file, 4 pages (37KB)