An Important Source of Credit Information Is the Customer's Previous

question 42

True/False

An important source of credit information is the customer's previous credit history.

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Definitions:

Bad Apple Effect

A phenomenon where the negative behaviors of one individual can influence an entire group, leading to overall worse outcomes or moral standards.

Propinquity Effect

The phenomenon whereby people are more likely to form relationships with those they encounter frequently.

Deviant

A behavior or condition that goes against societal norms or standards.

Nonconformist

An individual who does not adhere to the prevailing ideas, rules, or practices of their society or group.