Credit Analysis Smehra
Credit Analysis for Neal Harris
Neal Harris recently submitted his credit application for our consideration. Mr. Harris is 45 years old, married and has 2 children. He currently works at Franklin Industries where he has been employed as office manager for 2 years. Prior to that, he was in sales at Providencial Insurance for 3 years. Neal has resided at his current residence in Tennessee for 1 year.
His credit application has been filed in joint with his wife, Helen Harris, 43 years old. Helen has recently returned to the workforce from being a housewife. She is also employed by Franklin Industries where she has been marketing director for 4 months. Both individuals have a checking and savings account with AmSouth. The purpose of their loan is for a 2003 Chevrolet Tahoe. Following is a review of the 5 C's of Credit for Mr. And Mrs. Harris and conclusion for their loan.
Capacity
Upon evaluation of the Harris' credit reports, Helen Harris has no outstanding or prior outstanding credit. Neal Harris' credit report is concurrence to his application's list of obligations, which include a mortgage with Countrywide (monthly payment of $1,100.00), and an auto payment with Nissan, of an outstanding balance of $5,000. There are also two credit cards listed...
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