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Credit n collection > Long quiz > Flashcards

Long quiz Flashcards

1
Q

through investigation and appraisal helps you make informed financial decisions

A

Informed Decisions

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2
Q

strengthen your negotiating position

A

Negotiating Power

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3
Q

uncover potential errors or inaccuracies

A

Identifying errors

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4
Q

minimize the risk of defaults

A

Reduced risk

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5
Q

providing valuable data

A

Informed Lending Decisions

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6
Q

efficiently allocate their resources

A

Efficient Resource Allocation

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7
Q

essential tools for promoting responsible financial practices

A

Credit Invedtigation and Appraisal

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8
Q

how likely you are to repay loan

A

Creditworthiness

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9
Q

track record of making payments

A

Credit history

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10
Q

numerical representation, ranging from 300 to 850

A

Credit score

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11
Q

ratio compares your monthly debt payments

A

Debt-to-income ratio (DTI)

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12
Q

lenders want to see that you have a stable source of income

A

Employment history

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13
Q

Improve your creditworthiness by:

A
  • Make sure to pay all your bills on time
  • Keep your credit card balances low
  • Don’t apply to much credit at once
  • Get a credit builder loan
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14
Q

process of assessing creditworthiness of a borrower

A

Credit analysis

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15
Q

Assessing the likelihood of a borrower repaying the loan

A

Purpose

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16
Q

Lenders, investors and other financial institutions

A

Who performs it

17
Q

Individuals, businesses governments, borrowers, and other entities seeking loans or issuing debt

A

Subjects of analysis

18
Q

Key points of credit analysis

A
  • Purpose
  • Who performs it
  • Subjects to analysis
19
Q

Deep dive into; income statement, balance sheet, and cash flow

A

Fundamental Analysis

20
Q

Beyond the numbers; talks about the character of a borrower

A

Qualitative Analysis

21
Q

Two main types of credit analysis

A
  • Fundamental Analysis
  • Qualitative Analysis
22
Q

Outcome of the credit analysis

A

Credit rating

23
Q

Can make informed decisions about lending and investing

A

Manage risk

24
Q

The price of debt instrument

A

Price loans and debt

25
Q

Ensure that the capital is directed towards the borrowers

A

Allocate capital

26
Q

Analysis should strive for impartiality

A

Objectivity

27
Q

Clear and transparent

A

Transparency

28
Q

Confidentiality; be respectful

A

Ethical considerations

29
Q

Consider all relevant factors

A

Comprehensiveness

30
Q

Accuracy and reliability of the data

A

Data quality

31
Q

Different analytical techniques

A

Multiple perspectives

Credit n collection (1 decks)

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