Unformatted text preview: Using your car or house as a promise to pay This makes you a better credit risk to the lender Lenders will evaluate your debt-payment ratio. The lender is taking your unique situation under consideration. Previous credit history This shows how long you have worked for your employer and if you have obtained an education. Having more at stake may make you less likely to default on a loan. FP/101...
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This note was uploaded on 03/24/2012 for the course US 101 taught by Professor Richarddettling during the Spring '11 term at University of Phoenix.
- Spring '11