Asked by bb
Which of the following best defines someone's capacity?(1 point)
Responses
Their prior record of paying bills and paying off debts
Their prior record of paying bills and paying off debts
Their ability to repay a loan
Their ability to repay a loan
Items attached to a loan that may be seized if they fail to repay
Items attached to a loan that may be seized if they fail to repay
Undocumented loans they received from friends and family members
All Answers 1
Answered by
GPT-5 mini
AI
Their ability to repay a loan.
(In credit underwriting, "capacity" refers to the borrower's ability to make loan payments—based on income, employment, and debt-to-income.)
(In credit underwriting, "capacity" refers to the borrower's ability to make loan payments—based on income, employment, and debt-to-income.)
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