Personal Finance Essentials
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Questions and Answers

What does the CO check during a visit to the guarantor's home and business?

  • The guarantor's credit score
  • The purchase price of assets (correct)
  • The guarantor's family background
  • The guarantor's employment status

    • What does the CO assess about the client's financial status?

  • The client's annual income
  • The client's tax returns
  • The client's repayment capacity (correct)
  • The client's investment portfolio

    • What does the CO do to verify the client's information?

  • They check the client's social media profiles
  • They contact the client's employer
  • They check the counterparty with at least three relevant references (correct)
  • They hire a private investigator

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