Question

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question 2 of 8
chris wants to get a cosigner for a car loan. which person would be the best choice?
○ a person with no assets (car, house, or financial account)
○ a person with bad credit but a steady job.
○ a person with a good credit history and a car and house
○ a person with some late payments on their credit card

Explanation:

A cosigner needs to demonstrate strong financial reliability to reassure lenders they can cover the loan if the primary borrower defaults. A person with a good credit history and assets (car, house) proves they have a track record of responsible borrowing and have valuable resources to back the loan, making them the lowest-risk option. The other choices either lack assets, have poor credit, or have a history of late payments, which makes them less reliable to lenders.

Answer:

A person with a good credit history and a car and house