SOLUTION OF FIN625 ASSIGNMENT # 01View more random threads:
- ACC311 Assignment No 2 Spring 2012 full solution
- MBA Finance Viva Questions october 2011
- ECO401 asisngnment no 1 idea solution 12 April spring 2011
- MCM515 Radio News Reporting & Production Assignment 1...
- MGMT627 Project Management VU Assignment No 2 Fall 23...
- ACC501 Business Finance assignment no 1 spring fall 2011
- ECO406 Mathematical Economics Assignment No 01 Solution Due...
- CS605 Software Engineering-II Assignment No.2 Solution...
- mgt201 assignment solution 7 june 2012
- MGT401 Financial Accounting II assignment no 2 fall...
Q1) Credit score is considered one of the best measures for checking the credit standing for anybody. If one has poor credit score then what measures can be taken in order to improve credit score?
There are followings measures to improve credit scores
1) Make your payments on time
2) Not borrowing against lines
3) Budget income
4) Saving money
5) Don’t cancel credit card
6) Pay off large debts
7) don’t cancel credit cards
8) Pay down debts
(Explain any 5 in above)
Q2) while granting loans to applicants, lending institutions first decides whether applicant has good credit worthiness.
What factors the lending institutions must consider before sanctioning loan?
Factors that must consider before sanctioning loans are
a) Employment
b) Source Of Income
c) Credit History
d) Stability
e) Purpose Of Taking The Loan
f) Documentation
(DISCUSS THESE IN DETAIL BY URSELF)
Sponsored Links