Ask Question
7 February, 22:38

You are a loan officer at a bank. An applicant comes to you for a $5,000 loan. Explain why you would want to know that person's credit history.

+4
Answers (2)
  1. 7 February, 22:42
    0
    You wouldnt want to give him the money if he had a bad past of paying back the money which is you credit score
  2. 7 February, 23:00
    0
    Due to the fact that you would not want to loan money to a person with bad credit meaning they have difficulty paying on time or paying at all it could be a loss if they do not pay back.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You are a loan officer at a bank. An applicant comes to you for a $5,000 loan. Explain why you would want to know that person's credit ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers