WorksheetsCredit 101
Total questions: 10
Worksheet time: 3mins
Part of a process wherein you are interacting with the customers, discussing loan packages, completion of application form and requiring basic documents from applicants.
Credit Approval and Documentation
Credit Investigation
Credit Evaluation
Credit Initiation
A contractual agreement in which a borrower receives something of value and agrees to repay the lender at some date in the future.
Debit
Credit
Deviation
Collateral
Basic Elements of Credit
Trust, Honesty, Risk
Trust, Honesty, Responsible
Trust, Futurity of Time, Risk
Trust, Futurity of Time, Responsible
The borrower's ability to pay is called
Capacity
Collateral
Connection
Conditions
Other properties and securities of a borrower is called
Capacity
Collateral
Connections
Conditions
Part of basic credit requirements that indicates base salary, other income, deductions, loans, and net income.
Proof of Business
Personal Information Sheet
Proof of Collateral
Proof of Income
TRUE or FALSE:
RFC employees can collect, use, and disclose the client personal data even without his/her consent.
(a)
A company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial institutions, etc.
RFC
Credit Card Company
Credit Bureau
Credit Collector
Where in TU you can find the Risk Grade of client.
Summary
Personal Information
Enquiry Information
TransUnion Risk Score
TRUE or FALSE:
It's okay to a client to present an ID without picture.
(a)
