Question

Suppose you work for a bank and are responsible for determining whether you should give someone credit. Create a list of the top three questions you would
ask prospective borrowers and post them to the discussion board. Make sure to explain why you think these three questions are important in determining
whether or not a potential customer is a good credit risk.

Answer 1

Answer:

-How much money do you need?

-How much income do you make?

-How much debt do you have?

Explanation:

The top three questions that I would  ask prospective borrowers are:

-How much money do you need?

This question allows the lender to know the amount of money the borrower requires and this is crucial to make an evaluation with the income and debts to determine if the lender would approve the loan. For example, a borrower may need an amount that he can easily pay back with his salary.

-How much income do you make?

This question is important to the lender because it allows to find out if the borrower's income would allow him/her to make the monthly payments which decreases the risk.

-How much debt do you have?

It is important to know the amount of debt the borrower has because the higher amount of debt he/she has, it would be harder to pay the loan and evaluating this allows to decrease the risk of the borrower not paying back.