A lender is assessing customers for loans. The credit scores of four customers are below. Ida Corrine Bruce Roland 820 550 390 610 Which person will the lender assess as having the lowest risk? Ida Corrine Bruce Roland

Question

Myles Blevins

Business

29 December, 06:17

A lender is assessing customers for loans. The credit scores of four customers are below. Ida Corrine Bruce Roland 820 550 390 610 Which person will the lender assess as having the lowest risk? Ida Corrine Bruce Roland

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Answers (2)

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Sebastian Warren · Answer 1

The answer is for the above question is letter A.)

Jaylin Krause · Answer 2

The person that will be assessed as having the lowest risk is the person with the credit score of 820. When a person has a higher credit score that means they pay their bills/loans on time, have a good debt to income ratio and are financially able to afford their bills. Lenders look at this information and are more likely to approve them for a loan when in good credit standing.