A Credit Score Is a Number That Indicates the Creditworthiness

question 6

True/False

A credit score is a number that indicates the creditworthiness or likelihood that a borrower will make loan payments when due

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Definitions:

Present Intent

Present intent is a legal term referring to a person's immediate intention or determination to perform a particular act or to enter into a contract at the current moment.

Delivery

The process of transferring goods from one party to another.

Personal Property

Tangible or intangible items that belong to an individual or business, excluding real estate.

True Owner

The individual or entity that holds the legitimate rights to ownership or possession of property.