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d) Collateral Note If you disagree with the collateral pledged explain why so the trainee can learn for next time. Satisfactory Marginal Unsatisfactory Since we have a certificate of authenticity for the hockey card and a certificate for the diamond ring we could use those along with his Chevy truck. We could even take her BMW too. I would recommend considering their house for collateral as well. (2 MARKS) a HEEF= A. A-LBIU sxx E Styles Font Size Words: e) Credit - Satisfactory Marginal Unsatisfactory These are really nice people who have had some tough months here and there. Everybody makes a mistake, most of their credit is good. So this is satisfactory.(2 MARKS) $ A. -BIUSX, Styles Font Sce Consumer Credit Case (50 MARKS) Brian and Marie Peterson You are a senior lender in your branch. A new employee who is learning to lend has approached you with his credit deal that you need to review. You are to note any errors and provide the trainee with the correct information. The customer scenario is listed below, use this to assist you in making adjustments and or corrections to the credit deal. Brian and Marie Peterson are looking to consolidate their credit card debts as they seem to be out of control Brian has been working for the last 5 years at Ikea as a store manager after graduating from his BBA at NAIT Brian recently received a pay increase and had asked his employer to provide him with a salary letter to show his increase, this is included in the file. Marie works at City Ford as a sales representative for the last 3 years she receives a base pay along with bonuses she says she grosses 120.000 annually. She mumbled that this year has not been very good as people aren't buying as many cars that is why she brought her Notice of Assessments from previous years to show you what she has made in the past. It is only a matter of time before things turn around she said See their net worth statement for balances on credit cards and mortgage and loan payments. This is the information came from the credit bureau Equifax shows he has never missed a truck loan payment and confirms a rating of R1 Marie's BMW loan is showing R1 Ratings on their credit cards from Sears, Visa are R2, they do however have a MasterCard with a R1 rating Both husband and wife like the finer things in life as noted in their assets listed on the net worth statements. All credit cards are continuously at the maximum credit limits They have a joint unsecured line of credit at Scotiabank which they used to consolidate their debt once before, its current rating is listed at R1 but they are only able to make minimum payments. There is a unsecured line of credit at RBC that they used for home renos last year they have only been making minimum payments as well The Petersons are very concerned about their current situation and are feeling overwhelmed The Petersons are very concerned about their current situation and are feeling overwhelmed. Documentation provided INCOME VERIFICATION: Notice of Assessment for Maria Peterson Tax year 2019 Line Description Amount 150 Total Income Deductions from total income 119.575 16.785 238 Net Income Deductions from net income 102790 15500 87290 260 Taxable income Total federal non-refundable tax credits 350 3472 6150 Total Alberta non-refundable tax credits 4120 420 Net Federal Tax. 0.00 421 CPP contributions 4.207.50 435 Total payable 14.207.50 437 Total Income Tax Deducted 6.325.75 3.175.82 DR 482 Total credits Total payable minus Total credits) Penalties Arrears interest Balance Due from this assessment Balance du DR 1031.88 0.00 0.00 OR OR DR 0.00 1123.00 Notice of Assessment for Maria Peterson for Tax year 2020 Line Description Amount 150 Total Income Deductions from total income 121,472 17,825 238 Net Income.. Deductions from net income 103,847 11500 200 Taxable income.. 92347 350 Total federal non-refundable tax credits 4472 6150 Total Alberta non-refundable tax credits 3788 420 Net Federal Tax 10.00 421 CPP.contributions 4 207 50 435 Total payable. 4.207.50 437 Total Income Tax Deducted 7.325.75 4.175.62 DR 31.88 482 Total credits Total payable minus Total credits) Penalties Arrears interest Balance Due from this assessment. Balance due DR DR 0.00 0.00 DR DR 0.00 3188 James Lykey Human Resources Manager McDonalds Restaurants of Canada 12354 St and 23 Ave Edmonton, Alberta TOG 2R3 Nov 25 2021 To Whom This May Concern This letter is to confirm that Brian Peterson is an employee of the McDonalds Restaurants of Canada. Brian has been working in a full- time position since August 28th 2012. His annual salary is 85,000.00 per annum If there are any questions or concerns, please feel free to call me at 780-492-3116. Thank you James Lykey Balances Payments 34818225 057.00 50340 58 744 25 Networth statement completed by lender: Assets Balances Liabilities House 306000 Mortgage 2017 GMAC Heavy Duty 55000 Truck loan BMW 2013 15000 BMW car loan Joint Savings 5000 Wayne Gretzky Hockey card-signed 25000 Misa Diamond solitaire ring with appraisal 30000 tastercard certificate 35.675 32 17.12 Sears 500 175 3000 4000 15500 775 Scotlaline 15000 450 RBC Unsecured ine 1275 538 25 Total Assets H90000 Total Liabilities H0402236 35077.14 NET WORTH Indicates debt to be consolidated d) Collateral Note If you disagree with the collateral pledged explain why so the trainee can learn for next time. Satisfactory Marginal Unsatisfactory Since we have a certificate of authenticity for the hockey card and a certificate for the diamond ring we could use those along with his Chevy truck. We could even take her BMW too. I would recommend considering their house for collateral as well. (2 MARKS) a HEEF= A. A-LBIU sxx E Styles Font Size Words: e) Credit - Satisfactory Marginal Unsatisfactory These are really nice people who have had some tough months here and there. Everybody makes a mistake, most of their credit is good. So this is satisfactory.(2 MARKS) $ A. -BIUSX, Styles Font Sce Consumer Credit Case (50 MARKS) Brian and Marie Peterson You are a senior lender in your branch. A new employee who is learning to lend has approached you with his credit deal that you need to review. You are to note any errors and provide the trainee with the correct information. The customer scenario is listed below, use this to assist you in making adjustments and or corrections to the credit deal. Brian and Marie Peterson are looking to consolidate their credit card debts as they seem to be out of control Brian has been working for the last 5 years at Ikea as a store manager after graduating from his BBA at NAIT Brian recently received a pay increase and had asked his employer to provide him with a salary letter to show his increase, this is included in the file. Marie works at City Ford as a sales representative for the last 3 years she receives a base pay along with bonuses she says she grosses 120.000 annually. She mumbled that this year has not been very good as people aren't buying as many cars that is why she brought her Notice of Assessments from previous years to show you what she has made in the past. It is only a matter of time before things turn around she said See their net worth statement for balances on credit cards and mortgage and loan payments. This is the information came from the credit bureau Equifax shows he has never missed a truck loan payment and confirms a rating of R1 Marie's BMW loan is showing R1 Ratings on their credit cards from Sears, Visa are R2, they do however have a MasterCard with a R1 rating Both husband and wife like the finer things in life as noted in their assets listed on the net worth statements. All credit cards are continuously at the maximum credit limits They have a joint unsecured line of credit at Scotiabank which they used to consolidate their debt once before, its current rating is listed at R1 but they are only able to make minimum payments. There is a unsecured line of credit at RBC that they used for home renos last year they have only been making minimum payments as well The Petersons are very concerned about their current situation and are feeling overwhelmed The Petersons are very concerned about their current situation and are feeling overwhelmed. Documentation provided INCOME VERIFICATION: Notice of Assessment for Maria Peterson Tax year 2019 Line Description Amount 150 Total Income Deductions from total income 119.575 16.785 238 Net Income Deductions from net income 102790 15500 87290 260 Taxable income Total federal non-refundable tax credits 350 3472 6150 Total Alberta non-refundable tax credits 4120 420 Net Federal Tax. 0.00 421 CPP contributions 4.207.50 435 Total payable 14.207.50 437 Total Income Tax Deducted 6.325.75 3.175.82 DR 482 Total credits Total payable minus Total credits) Penalties Arrears interest Balance Due from this assessment Balance du DR 1031.88 0.00 0.00 OR OR DR 0.00 1123.00 Notice of Assessment for Maria Peterson for Tax year 2020 Line Description Amount 150 Total Income Deductions from total income 121,472 17,825 238 Net Income.. Deductions from net income 103,847 11500 200 Taxable income.. 92347 350 Total federal non-refundable tax credits 4472 6150 Total Alberta non-refundable tax credits 3788 420 Net Federal Tax 10.00 421 CPP.contributions 4 207 50 435 Total payable. 4.207.50 437 Total Income Tax Deducted 7.325.75 4.175.62 DR 31.88 482 Total credits Total payable minus Total credits) Penalties Arrears interest Balance Due from this assessment. Balance due DR DR 0.00 0.00 DR DR 0.00 3188 James Lykey Human Resources Manager McDonalds Restaurants of Canada 12354 St and 23 Ave Edmonton, Alberta TOG 2R3 Nov 25 2021 To Whom This May Concern This letter is to confirm that Brian Peterson is an employee of the McDonalds Restaurants of Canada. Brian has been working in a full- time position since August 28th 2012. His annual salary is 85,000.00 per annum If there are any questions or concerns, please feel free to call me at 780-492-3116. Thank you James Lykey Balances Payments 34818225 057.00 50340 58 744 25 Networth statement completed by lender: Assets Balances Liabilities House 306000 Mortgage 2017 GMAC Heavy Duty 55000 Truck loan BMW 2013 15000 BMW car loan Joint Savings 5000 Wayne Gretzky Hockey card-signed 25000 Misa Diamond solitaire ring with appraisal 30000 tastercard certificate 35.675 32 17.12 Sears 500 175 3000 4000 15500 775 Scotlaline 15000 450 RBC Unsecured ine 1275 538 25 Total Assets H90000 Total Liabilities H0402236 35077.14 NET WORTH Indicates debt to be consolidated