How does a lender determine a person's credit risk?
I want to understand the process through which a lender assesses and decides on the credit risk of an individual. What factors are considered and how does this evaluation impact the lending decision?
How do lenders determine the credit risk?
I'm curious about how lending institutions evaluate the credit risk when considering loan applications. What factors do they look into to assess whether a borrower is likely to default on the loan?
Is there credit risk in cryptocurrency?
Can you elaborate on the credit risk associated with cryptocurrency? Given that many cryptocurrencies operate on decentralized networks without traditional intermediaries like banks, how does the notion of credit risk apply in this context? Are there specific factors or scenarios that investors should be aware of when assessing the creditworthiness of a cryptocurrency project or platform? Additionally, how does the volatility of cryptocurrency prices affect the perception of credit risk in this space?