Which of the following statements is true?
A. Banks and other lenders share the credit history of their borrowers with each other and are likely
to know of any other loan payments that you have missed.
O B. People have so many loans it is very unlikely that one bank will know your history with another
bank.
C. If you missed a payment more than 2 years ago, it cannot be considered in a loan decision,
D. Your bad loan payment record with one bank will not be considered if you apply to another bank
for a loan.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following statements is true? A. Banks and other lenders share the credit history of their borrowers with each other and are ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Caterpillar and Texas Instruments are two firms that have benefited from the use of:A. the international strategy option. B. the maquiladora system in Europe. C. the transnational strategy option. D. the multidomestic strategy option. E.
Answers (1)
This terms refers to the instantaneous exchange between world cultures of ideas, capital, and goods that has occurred related to advances in telecommunications and travel over the last few decades.
Answers (1)
The management team for Volcanic Batteries came up with the following vision statement: "VolcanicBatteries will conscientiously track its financial performance to ensure profits for its investors, enhance its community through employment and
Answers (1)
1. On March 1, a business paid $3,600 for a twelve month liability insurance policy. On April 1 the same business entered into a two-year rental contract for equipment at a total cost of $18,000.
Answers (1)
Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000, expenses of $265,000, and had owner drawings of $30,000.
Answers (1)
New Questions in Business
When dvds and hamburgers were the same price, mavis consumed 3 hamburgers and 5 dvds, and mavis received 10 utils from the last hamburger and 15 utils from the last dvd consumed.
Answers (1)
When a commercial seller's agent invites other brokers to act as subagents to procure a buyer, who is compensated when the property sells?
Answers (1)
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $250.00.
Answers (1)
The direct link between customers and the company is performed by: legal services marketing information chemists environmental chemists corporate management
Answers (1)
Limited liability companies are primarily designed to: a. spin off a wholly owned subsidiary b. provide the benefits of the corporate structure to foreign-based entities c.
Answers (1)