1. Journal 52
You get to build a credit card application but can ONLY ask 3 questions (other than name and SSN). What are your questions and why?

2. Factors Affecting Credit Worthiness

3. The 4 C’s Character Capacity Your willingness to repay your debt
History of payments
How often do you apply for credit
Money in the bank
Own or rent
How long in current house
Capacity
Your ability to repay your debt
Work? For how long?
Income vs. Expenses

4. The 4 C’s Capital Collateral Your total worth
Savings
Checking
Other investments
Collateral
Property to secure the loan (not always needed)
If you fail to re-pay the loan, the bank takes the collateral

5. Creditors CAN NOT USE age gender race marital status religion
They may ask about these things, but can not use them in the decision making process

6. A B C D Applicant Character Capacity Capital Collateral Approve? Y/N
WHY? A B C D