Managing Financial Information

Question 1

If the loan company does approve Lesley’s loan, what provision is likely to be part of the loan agreement?

Revolt · Accepted Answer

Lesley will have to pay a higher interest rate.

Question 2

Based on Lesley’s credit history, consider how the loan company will likely view her.

Revolt · Accepted Answer

Given her financial situation, Lesley is likely to be considered a borrower.: high-risk; The loan company is likely to Lesley’s loan application.: reject

Question 3

approve✔ reject

Revolt · Accepted Answer

reject

Managing Financial Information Answers

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