Topic 10 - Assessing the applicant's financial status Flashcards
1
Q
What lenders need to know about the loan ?
A
Deposit available
repayment method
Insurance requirements
% of the LTV
2
Q
Participator
A
A person with a share or interest in a company - Usually a shareholder
3
Q
Committed expenditure
A
Credit agreements and other contracts
4
Q
Basic expenditure
A
food , council tax, ect .
5
Q
Basic Quality of life
A
Clothing , personal, recreational
