Every Applicant Is Creditworthy to Some Degree

question 84

True/False

Every applicant is creditworthy to some degree.

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Definitions:

Credit Applicant

An individual or entity that applies for a loan or credit from a financial institution or lender.

Accounts Receivable

Financial obligations customers have towards a business for utilized or received goods and services that remain unpaid.

Creditworthy Customers

Clients deemed capable of paying back credit extended to them due to their solid financial standing.

Prompt Payment

The act of settling a transaction or invoice on or before the due date.