Question

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question 8 of 8
chris asks sarah to cosign, but she says that she doesnt have a good credit history. which of the following make her unable to cosign for chris?
○ she has a good character since she pays all credit card bills in full.
○ she has made late payments which affects her character.
○ she has very little debt which affects her capacity.
○ she owns her condo which affects her collateral.

Explanation:

A cosigner needs a strong credit history to be eligible. Late payments harm credit character, making someone unable to cosign. Good payment history, low debt, or assets do not prevent cosigning; poor payment behavior does.

Answer:

She has made late payments which affects her character.