CLFP Exam - Credit Questions and Correct Verified Answers Latest Version
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Course
CLFP
Institution
CLFP
The chance of not receiving money back in a timely manner and as agreed
Credit Risk
What are the Five C's of Credit & describe them
Character- Lessee's reputation and performance on past obligations
Cash Flow- Does the lessee have the capacity to repay?
Capital- Does the lessee have the ab...
✓ -Owners/principals names and personal credit reports
✓ -Quality of the vendor
✓ -Structure of the lease
✓ -New/used equiment
✓ -Equipment location
What are the 4 origination channels to know?
✓ Direct, TPO, Vendor, Indirect
The further away from the client...
✓ ...the higher the risk
What do we do to help decide the first "C" of credit - character?
✓ KYC - know your client
What are some ways to prevent fraud in credit?
Master01 | September, 2024/2025 | Latest update
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