When assessing a credit application, it must be determined whether the customer previously had any loans...

When assessing a credit application, it must be determined whether the customer previously had any loans or accounts with the same bank at which the customer now applies for a loan, and to assess how well such accounts were managed by their customer. Select one of the listed items below that will be the best source of information for this purpose. (Please note: only ONE of the options is correct). a. Trade references. b. Bank statements. c. Credit bureau report. d. Internal bank references. e. Application form.

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Expert Solution

Option c is correct option. Credit burea report collects all the credit information of the customers.

jeff jeffy answered 2 years ago

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