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