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Evaluating, Scoring & Granting Credit

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is one benefit of offering credit to customers?

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1. Which of the following is an element that would be illegal when evaluating how much credit to extend to a customer?

2. What size loan is efficient, but may have a higher interest rate?

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About This Quiz & Worksheet

Credit is scored and granted in certain ways. Check your knowledge of these methods as well as the advantages of offering credit to customers by using the quiz and worksheet.

Quiz & Worksheet Goals

Take a look at these resources, testing your knowledge of:

  • Something risky for the lender
  • A loan size that is more efficient and risky
  • The concept of offering more credit to those who have borrowed from you in the past
  • A benefit of giving customers credit
  • Elements to consider when evaluating how much credit to extend to customers

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on approving and analyzing credit
  • Making connections - use understanding of the concept of credit and why companies give it to customers
  • Information recall - access the knowledge you have gained about something that is risky for the lender

Additional Learning

Review more credit topics with the lesson titled, Evaluating, Scoring & Granting Credit. Use this lesson to:

  • Determine what credit is
  • See how lenders determine how much credit to give out
  • Understand why giving credit is risky
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