Question

What is the traditional method of assessing trust to pay a loan? What is the problem with this method?

Answer 1

Answer: A traditional method of assessing a trust to pay a loan is assessing your current assets. The problem with this method is someone might declare their assets not just to assess their trust to pay a loan.

Answer 2

One of the many traditional ways of assessing if a person is indeed capable of paying a certain amount of loan is to the assess his or her current assets. The problem with this method is that someone may declare something as his or her asset even if it is not just so he can avail of the loan services.