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24 March, 09:55

Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? Check all that apply. applying for loans to pay for college making late payments having more debt than income filing for bankruptcy paying a credit card balance in full each month

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Answers (2)
  1. 24 March, 12:41
    0
    I would say;

    Making late payments, Having more debt than income, Filing for bankruptcy
  2. 24 March, 12:53
    0
    -making late payments

    -having more debt than income

    -filing for bankruptcy

    Explanation:

    The financial problems that might cause a person to be considered a bad risk for a loan to purchase a home are:

    -Making late payments: if you pay your debts after the due date, it will affect your credit score and this also shows financial entities that you are not reliable.

    -Having more debt than income: this shows that you are not able to cover your expenses which means that you won't be able to pay back a loan.

    -Fillin for bankruptcy: it shows that you can't pay the debt you already have which means that you are not able to pay back an additional loan.

    The other options: applying for loans to pay for college and paying a credit card balance in full each month are not financial problems that would cause that you will be considered a bad risk.
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