Question

In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance payments as income.

a. True
b. False

Answer 1

The credit extender needs to consider all assets and sources of income in order to make a thoughtful decision. If the applicant is receiving alimony, child support, or maintenance payments this is significant and pertinent information, so the answer is a. True.