8
QuizMultiple Choice

Credit and Loans

Question 8 • Financial Literacy (WMHS) - Semester 1

For which buyer would a lender most likely approve a $200,000 mortgage?

Answer
A
a person with a credit score of 800 with a large amount of debt who has recently switched to a lower-paying job
B
a person with a credit score of 760 with a small amount of debt who has had steady employment for many years
C
a person with a credit score of 650 with a large amount of available credit who has a low-paying, but steady job
D
a person with a credit score of 600 with a small amount of available credit who has recently switched to a high-paying job
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