In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance payments as income.

a. True

b. False

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Business

Araceli Meadows

29 June, 22:30

In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance payments as income.

a. True

b. False

+4

Answers (1)

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Laura Mclean · Answer 1

The credit extender needs to consider all assets and sources of income in order to make a thoughtful decision. If the applicant is receiving alimony, child support, or maintenance payments this is significant and pertinent information, so the answer is a. True.

In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance payments as income.a. Trueb. False

In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance payments as income.

a. True

b. False