Asked by sandra
If you were considering extending credit to someone, what are some of the considerations you would recognize?
Answers
Answered by
bobpursley
Their past credit history. Folks who are cheats seldom change.
Their current cash flow: ability to pay back the money.
Their assets, and type.
One can loan money to those who pay back loans, have the ability, and the proven desire to do so, and have roots in the community.
Their current cash flow: ability to pay back the money.
Their assets, and type.
One can loan money to those who pay back loans, have the ability, and the proven desire to do so, and have roots in the community.
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