​Credit Worthiness (The 5 Cs, Credit Scores and FCRA)

Describe a time you lent something to a friend/family member. How did the experience go?

Make a list of five things to consider before lending money to someone

Name one of the Five Cs of Credit

The amount of money you have...

This determines if you can make your payments based on your Debt-To-Income Radio (DTI)

Your track record for making payments on-time and in full. A credit report or credit score can partially represent this.

This person most likely defaulted on their loan, however if you put your car up as __________ in a secured loan it can be taken if you do not pay it back

What you will use the money for and what is currently happening in the community/world/nation