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Unformatted text preview: Capacity Under these __________, you may still be approved with a cosigner Conditions This demonstrates how much your assets are worth. Capital Using your car or house as a promise to pay Collateral This makes you a better credit risk to the lender Character Collateral Lenders will evaluate your debt-payment ratio. Capacity The lender is taking your unique situation under consideration. Conditions Previous credit history Character This shows how long you have worked for your employer and if you have obtained an education. Character FP/101 Having more at stake may make you less likely to default on a loan. Capital 72/80 FP/101...
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This note was uploaded on 09/11/2011 for the course FP 101 taught by Professor Unknown during the Summer '10 term at University of Phoenix.
- Summer '10