You are a loan officer at a bank. An application comes to you for $5000 loan. Explain why you would want to know the persons credit history

Answers

Answer 1

A credit history is a record of a borrower's responsible repayment of debts. A credit report is a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments.

A good credit score means that the person receiving the loan is reliable and will be more likely to pay off the loan in a reasonable amount of time.


Related Questions

Your business plan is a tool that can

Answers

Answer:

help you find a job in the future. it organizes a plan to follow, including backup plans, if something goes wrong

Explanation:

Answer:

Organize budget, funding, production and distribution.

It acts as a blue print for a business, what you must do to achieve the goal and make profits.

imagine your grandfather has given you 5,000 on the condition you invest in its stocks. what type of stocks would you invest in??

Answers

Final answer:

With $5,000 from your grandfather to invest in stocks, consider a diversified stock portfolio for long-term growth, such as an S&P 500 Mutual fund to mitigate risks. Do not overly concentrate your investment in any single stock and consider seeking financial advice. Compound interest can significantly increase your returns over time.

Explanation:

If your grandfather has given you $5,000 to invest in stocks, the first step is to define your investment goals and risk tolerance. Considering long-term growth, you might look into a well-diversified stock portfolio, which historically provides a reasonable rate of return. A common recommendation is to invest in an S&P 500 Mutual fund, which gives you a share in a wide range of companies and industries. However, if you are well-versed in a specific sector and have confidence in its future, you could consider individual stocks. Keep in mind to diversify your investment to mitigate risks.

Remember the rule of thumb to not place more than 5% or 10% of your investment into a single stock, such as your company's stock, even if it is doing well. Also, consider hiring a financial expert to help you plan and manage your investments if you are not confident in your own ability to select stocks.

The power of compound interest is also vital to understand. For example, starting with a smaller sum of money and allowing it to grow over time can result in significant gains, as illustrated by the compound interest formula. Regular contributions to your investment over time, coupled with this phenomenon, can lead to wealth accumulation.

Lucy wants to attach a goal cost to each of her life goals. Why might she do this?

Answers

Lucy wants to identify the amount of time, money and effort. To do that she is attaching a goal cost to each of the goals that she has required for herself to succeed. To realize her goals, she adds a cost to remember and not to forget her main goals that she wants to complete.

Answer:

She wants to identify the amount of money, time, and effort required to realize her goals.

Explanation:

plato

Employees should keep their cell phones on them at all times because they may have time to talk with friends and family throughout their workday.

True
False

Answers

Answer:

False

Explanation:

they should have them charged and on their person because their boss my be sending them information through it or so that they can get emergency calls from work of family

Kaitlyn is beginning her career as an accountant. Who would be the best selection for a professional mentor during her first year of work in the field?

her middle school soccer coach
a nurse at the local hospital
her best friend from high school
the vice president of her accounting firm

Answers

for me its vice president IMO

Answer:

The vice president of her accounting firm  ( D )

Explanation:

The vice president of her accounting firm is a professional in the field of Accounting and he will be a very perfect professional mentor to Kaitlyn in her first year of work.

Her middle school soccer coach will not turn out as a professional mentor but might turn out as a life coach

A nurse at the local hospital can not be her professional mentor either and her best friend from high school can just be a god friend and not a professional mentor

What is a major disadvantage in the use of import barriers to make domestic goods cheaper?

a) Domestic manufacturers may lose the economic incentive to produce their cars less expensively.


b) Import manufacturers stop trying to send their goods to the country that has import barriers.


c)The line between imported and domestic goods becomes harder and harder to draw.


d) Domestic manufacturers create more jobs for both citizens and immigrants.

Answers

Answer:

a) Domestic manufacturers may lose the economic incentive to produce their cars less expensively.

Explanation:

Answer:

The major disadvantage is that Domestic manufacturers may lose the economic incentive to produce their cars less expensively

Explanation:

Import barriers also known as trade barriers are placed on the importation of certain locally produced goods and services, in order to encourage local producers and also drive the prices of the goods down. because locally produced products don't pay custom duties which end up driving prices of goods higher. but some locally produced products like cars get some economic incentive to help in the production of their cars but with the full effect of import barriers such economic may be lost causing the cost of production to get higher.

What is the function of the OSHRC? A. to enlist people under protected classes B. to research different discriminatory factors C. to extend the legislation under OSHA D. to hear cases based on OSHA violations

Answers

Answer: The cases in which the Review Commission renders decisions arise from inspections conducted by a Federal agency separate from the Review Commission, the Occupational Safety and Health Administration (OSHA), which is a part of the Department of Labor. OSHRC, or the Review Commission, and OSHA were created by the Occupational Safety and Health Act of 1970, but the Act mandated that the Review Commission be an independent agency (i.e., not part of another Federal department) to ensure that parties to agency cases receive impartial hearings.

Explanation:

Answer: D, to hear cases based on OSHA violations.

Explanation:

what are the four requirement of valid contract

Answers

Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.

The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer

What is capacity?

In any capacity refers to the ability to execute public duties without a formal or ongoing position (also known as a "de facto" public servant), with the nature of the relationship between the Public Administration and the person providing the service being irrelevant.

a consensus, an offer, and acceptance. consideration. Both sides exchange valuable goods and services. capacity. All parties must be able to comprehend the terms and be legally capable. legality.

Therefore, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer

Learn more about capacity here:

https://brainly.com/question/15158174

#SPJ2

Observational career experiences are not paid and are often scheduled for short periods of time.

True
False

Answers

The answer is True, because if you are merely observing the career then you should not be paisley to do so. Hope this helps!

Answer:

True

Explanation:

This is true. Hope this helps!

When workers stop working entirely, it is called a(n)

Answers

Hello There!

When workers stop working entirely, it's called a "STRIKE"

Answer:

A strike or retierment

Explanation:

Under which marketing orientation does control shift from the marketer to the consumers informally participate in the marketing process

Answers

Answer:  The correct answer is:  

_______________________________________________

                   " social media marketing orientation " .

_______________________________________________

Note that the following answer choices, if offered, would be incorrect:

_______________________________________________

 — " production orientation " .

 — " socially responsible marketing orientation " .

 — " selling orientation " .

______________________________________________

  Hope this helps!

        Wishing you well in your academic pursuits

                — and within the "Brainly" community!

______________________________________________

entrepreneurs are usually self-motivated and self-confident and they love a challenge.would you describe yourself this way?brainly

Answers

Answer:yes

Explanation:

Answer:

Yes the statement is True.

Explanation:

Entrepreneurs are people who start their own business, bear all cost of setting up the business in the hope of getting profits out of it. Starting a new business by a single person on his own is such a big decision. Such decisions need high confidence and courage. Also higher level of motivation is also needed, because if the person who is starting a new business is not motivated enough, he won't be able to proceed further in his business if any obstacle comes in the way. So this is so true that Entrepreneurs are self motivated and self confident and they love challenges.  

Which action is an example of insider trading?
A.
short selling stock in response to a rumor
B.
short selling stock in response to an internal memo
C.
employees selling stock according to a regular monthly plan
D.
employees selling stock in response to rising stock prices

Answers

Answer:

B

Explanation:

Short selling stock in response to an internal memo is an example of inside trading

Answer:

The correct answer is B, Short Selling stock in response to an internal memo.

Explanation:

Insider Trading is the short selling of stocks of a company when an information is received from the internal resources of the company which is not available for the general public. Short selling is the trading strategy which assumes a decline in a stock price, due to which a person sells his stocks. So insider trading is the short selling of stocks in response to an internal memo. When a person gets information from inside the company about the future prospects of the company, and this information is not publicly available, this is called insider trading.

What will you call an employee who prioritizes her own goals rather than the team’s goal?

A (an) employee will prioritize her own goals rather than the team’s goals.

Answers

Selfish, self-centred, self-seeking, self-serving, tactless, greedy.

Answer:

Selfish.

Explanation:

An egoist is a person who puts his interest above all others. Thus, an employee who prioritizes his own goals rather than the company he works for is being selfish. Your attitude may culminate that the company's goals are not met because the focus is on yourself.

which of the following is an example of an unsecured bank loan
credit card debt
bank overdrafts
corporate bonds
all of the above

Answers

credit card debt and corporate bonds

Answer:

The correct answer is the option D: all of the above.

Explanation:

A credit card debt is the name given to the situation where a client purchase a good or service using money that he actually does not have, therefore origining a debt with the bank who borrowed him the money in the credit card

Bank overdraft is the situation where a client's bank account balance drops below zero and it is commonly known to say that the account is ''overdrawn'' and accord to that the client agrees with the bank to be provided of an overdraft with high interest rate.

Corportate bonds is a type of bond that is issued by a corporation with the objective of finance many different reasons, such as to expand business. It is a longer-term debt instrument, with maturity of at least a year.

Therefore that all of the above are examples of unsecured bank loans.

What is the Federal Reserve best known for?
For regulating the nation’s money supply
For the fractional reserve banking system
For setting the discount rate
For bank examinations

Answers

It is best known for regulating the nation’s money supply

Answer:

regulating nations money supply

Explanation:

correct answer on grad

How does the consumer drive the economy?

Answers

Answer:

The consumer drives the economy by spending money.  The more money they spend, the better the economy is.

Explanation:

where does the email address of the recipient go?​

Answers

the email of tge recipient goes in the box that says "To"

Answer:

The email address of the recipient goes to the part of the email labelled TO:

at the top of the email you are typing.

Explanation:

the recipient email address is the email address of the individual that is going to receive the information contained in the email been typed/sent across via any of the email messenger like  YAHOO MAIL and the others

the federal government announced significant tax cuts, enabling people to keep a greater portion of their income. what will happen to the demand curve

Answers

It will shift the demand curve to the right meaning that more people will buy things.

Answer:

The demand curve will move to the right

Explanation:

Tax cuts: This is the reduction of tax been levied on income of individuals or firms. this enables workers/employees to have increased take home pay.this kind of policy can be initiated and implemented by the government and and not by employers of labor

The increase in take home pay will definitely lead to increase in quantity of goods or services been demanded ( D1 to D2 )  in the open market which will invariably drive prices higher ( P1 to P2 ), while the supply curve will remain the same the demand curve will shift to the right. businesses tend to flourish in times of tax cut because the increase in demand means profit maximization for business.

Why is research and development an integral part of the designing and producing process of an aerospace product? Select the best answer choice. A. Employees are often underskilled and research compensates for this. B. Managers in this field often have little education and learn everything through on-the-job research. C. The aerospace industry is constantly pushing the limits of technology D. Aerospace engineers usually have little to no technical skill.

Answers

Answer:

C. The aerospace industry is constantly pushing the limits of technology

Explanation:

Aerospace industry is a leader in the creation of new products and materials that constantly push the limits of technology, that's why research and development are an integral part of this industry.

They always seek to create new materials that are lighter and more durable to send to space and face the extreme conditions out there.  Then, many of those innovations are modified for use on the planet by regular people.

All employees in the industry are highly educated and skilled.

what term means performing all activities associated with raising a child ​

Answers

Answer:

parenting

Explanation:

:)

Answer:

I think it is parenting

PLEASE HELP!!! ASAP!!! Federal law requires that employers with more than 20 employees provide an employee who has quit or been terminated the right to continue to purchase coverage through the company's group health plan for?

6 months.

12 months.

18 months.

24 month

Answers

Answer:

18 months

Explanation:

Answer:

18 months

Explanation:

just took test

What does experience show about the relationship of taxation and work? (Gradpoint)



A) A tax cut does not cause employers to raise wages significantly.


B) When taxes are cut, workers work significantly more hours.


C) A tax cut does not cause workers to work significantly more hours.


D) When taxes are raised, workers work significantly more hours.

Answers

Answer:

A tax cut does not cause workers to work significantly more hours. C).

Answer:

C) A tax cut does not cause workers to work significantly more hours.

Explanation:

grad point

Match each consumer protections agency with its objective

Answers

Number 1. National highway

number 2. Federal communication

number 3. Federal trade

number 4. food and drugs

What does the government spend its money on

Answers

They spend money on a variety of things. Some may include: Repairs, buildings, salary, loans, and a whole lot more.

What happens if you fail to pay your annual taxes

Answers

if You fail to pay your annual taxes, you can get arrested.

First, there are different penalties for not filing your taxes and not paying them.

• If you don’t file, you’ll face a failure-to-file penalty.

• If you file your taxes but don’t pay them, the IRS will charge you a failure-to-pay penalty.

~

hope this helped !

Which qualifications are typical for a Manufacturing career? Check all that apply.

Answers

Answer:

hi your question lacks the options hence i will list some of  the qualification required

Bachelors degree in business administrationBachelors degree in industrial engineering

Explanation:

Bachelors degree or college level education is required to work or have a career in the manufacturing industry especially when you are to be a supervisor or manager in the manufacturing process.

Skilled labor required in the Manufacturing industries must not necessarily possess a college level degree but should have the necessary skill set and needed experience to pursue a career in the Manufacturing sector. professional certification is also an added advantage if acquired.

Answer: A, C, D, and E are the possible right answers on edge

Explanation: not 100% sure but it's what I'm putting

In an urban environment, you are more likely to ____.
A. be able to drive faster legally
B. encounter multiple hazards in a row from any direction
C. encounter wildlife like deer or mountain lions
D. need a better vehicle for the poorly maintained roads

Answers

Answer:

B. encounter multiple hazards in a row from any direction

Explanation:

An urban environment is characterized by a big population of people in a hurry to their business. The traffic is congested with activities everywhere every second.Due to this, when driving or walking in an urban environment, one is likely to encounter multiple hazards in a row from any direction.It therefore needs one to be extra careful in urban areas compared to other areas such as rural areas which are less busy.

Answer:

B

Explanation:

got it right

in recent years some cities have passes ordinances to restrict the size of houses being built on city lots. theses types of regulations have been enacted in order to

Answers

save space to build more houses

it's important to buy a business computer rather than a personal computer because​

Answers

Final answer:

Business computers are important for their ability to handle complex tasks, provide enhanced security, and offer reliability in professional settings, directly impacting operational efficiency and business revenues.

Explanation:

It's important to buy a business computer rather than a personal computer for several reasons specific to professional environments. Business computers are engineered to handle more complex tasks, offer enhanced data security, and are built for longevity and reliability under more demanding work conditions. They often have better hardware for multitasking and running specialized software required in business contexts. On the other hand, personal computers are typically designed for everyday use such as web browsing, entertainment, and lighter workloads. In a business, the reliance on efficient and secure computing can affect customer service and revenues, making robust computing solutions key. For instance, the difference between a standard computer and a business-grade machine can equate to the difference in costs when producing complex goods like computer software versus simple products like fast-food meals. This is analogous to a computer systems engineer hiring a painter for efficiency and quality assurance rather than doing it himself. Thus, investing in a business computer is crucial for operational efficiency and can have a substantial impact on the bottom line.

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