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16 November, 17:01

Dylan has a good credit score and is planning to apply for a loan. What could negatively affect Dylan's credit score?

A.

missing a loan payment

B.

not making a down payment

C.

providing collateral

D.

using a cosigner

+2
Answers (2)
  1. 16 November, 17:05
    0
    the right answer is a) missing a loan payment

    Step-by-step explanation:

    because if you are missing a loan payment, you would have a negative report at the risk centers
  2. 16 November, 17:29
    0
    A. missing a loan payment

    Step-by-step explanation:

    Whenever someone wish to apply a loan, lenders would consider his/her credit scores when analyzing the application. A good credit score would increase his/her chance to be qualified for the loan. The higher the score qualifies you for a fair interest rates, and also it would reduce the perceived risk.

    Considering the question, missing a loan payment would definitely affect his credit score negatively. It would affect the interest rate, loan terms and credit limit.
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