CLFP Exam - Credit Process and Financial Statement 2025 | Updated Questions and Correct Answers | Graded A+ | Verified Answers | Just Released (Latest Version)

CLFP Exam - Credit Process and
Financial Statement 2025 |
Updated Questions and Correct
Answers | Graded A+ | Verified
Answers | Just Released (Latest
Version)

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,Terms in this set (65)


What applicant 1.) The desire to repay the debt
attributes are 2.) the financial ability to make
you trying to payments
learn about 3.) The reserves to withstand
when unexpected setbacks
underwriting a
deal?

1.) Character: the desire to pay back
debt
2.) Cash Flow: Ability to make
What are the payments
four (4) C's of 3.) Capital: Ability to withstand
Credit? setbacks
4.) Collateral: Ability to liquidate to
recover investment when the initial
three (3) C's fail

, 1.) TIB
2.) Industry
3.) Equipment type
4.) Bank Balances
5.) Personal Credit Reports
What are
6.) Business Credit Reports
common credit
7.) Landlord rating
criteria in the
8.) Vendor quality
app only
9.) Lease structure
process?
10:) New/Used equipment
11.) Equipment location
12) Comp credit
13) SOS
14) References

1.) limited upfront information
Characteristics (application)
of App Only? 2.) low-touch, high volume
3.) Credit scoring