tadavis2021 tadavis2021

13-11-2020
Business

contestada

Question 2 of 10
Which action is a bank most likely to take when evaluating a loan application
from a person with a low credit score and a poor credit history?
A. Reducing the interest rate to encourage the person to borrow
more
B. Increasing the value of the loan to earn more interest over time
O C. Denying the loan because the person is unlikely to pay it back
O D. Requiring the person to take more than one loan at a time
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Respuesta :

bows4ever bows4ever

22-11-2020

Answer:

C is the correct answer

Explanation:

Answer Link

gauravsingh23VT gauravsingh23VT

07-05-2022

Denying the loan because the person is unlikely to pay it back is a bank most likely to take when evaluating a loan application from a person with a low credit score and a poor credit history.

What is loan application?

Borrowers apply for loans via a loan application. Through the loan application, borrowers provide vital financial information to the lender.

The loan application is crucial in determining whether or not the lender will approve your funding or credit request.

Thus, option C is correct.

For more details about loan application, click here

https://brainly.com/question/16053104

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