PIB1013 TUTORIAL CHAPTER 7

What is credit assessment?

• A process to evaluate creditworthiness

• A type of bank account

• A loan application form

• A way to borrow money

What do lenders check in a credit history review?

• Hobbies and interests

• Past loans and payment history

• Family background

• Favorite colors

What is a credit score?

• A type of bank loan

• A list of bank branches

• A payment method

• A number showing creditworthiness

Which agency is NOT a credit reporting agency in Malaysia?

• Experian

• Dun & Bradstreet

• CTOS

• BNM

What does the debt-to-income ratio compare?

• Total debt to total assets

• Income to expenses

• Monthly debt payments to monthly income

• Savings to spending

Who can access the CCRIS report?

• Only credit agencies

• Any individual borrower

• Only banks

• Only government agencies

What is the purpose of income verification?

• To check the borrower's age

• To ensure repayment ability

• To find the borrower's job

• To check the borrower's address

What does CCRIS stand for?

• Credit Reference Information Service

• Central Credit Risk Information Service

• Credit Control Reporting Information System

• Central Credit Reference Information System

What is one role of Credit Bureau Malaysia?

• To provide loans

• To lend money

• To collect credit information

• To open bank accounts

What is the first step in the credit assessment process?

• Monitoring and review

• Risk assessment

• Preliminary assessment

• Credit report retrieval