2 of 25 - / 6.4 1:5 View Policies Current Attempt in Progress What information is typically not asked for on a consumer credit application? C) Total household income. O Number of children. O Applicant's current address. 0 Employer contact information. Save for Later Attempts: 0 of 2 used 1 of 25 - / 6.4 ;= View Policies Current Attempt in Progress Which of the following statements is true regarding trends in US. household debt? 0 Credit card debt is the largest component of outstanding consumer debt. 0 Home mortgage debt is less than half of total debt. 0 Household debt has increased at a faster rate than household income. 0 As a proportion of total household debt, student loans have declined and home equity loans have increased. Save for Later Attempts: 0 of 2 used 3 of 25 - / 6.4 $5 View Policies Current Attempt in Progress When lenders evaluate your sources of income and your expenses, which of the 5 C5 of Credit are they considering? 0 Character 0 Capacity O Collateral 0 Capital Save for Later Attempts: 0 of 2 used 5 of 25 - / 6.4 }= View Policies Current Attempt in Progress Which of the following is not one of the factors considered in the FICO credit scoring system? O Level of debt 0 Length of credit history 0 Variety of debt sources O Employment history Save for Later Attempts: 0 of 2 used 4 of 25 - / 6.4 1:5 View Policies Current Attempt in Progress A person who agrees to take responsibility for repayment of a loan if the primary borrower defaults is known as a O benefactor. O mentor. O cosigner. O guarantor. Save for Later Attempts: 0 of 2 used