a car dealership analyzing whether it will loan money to william to buy a new car finds that his credit…
a car dealership analyzing whether it will loan money to william to buy a new car finds that his credit score is in the \very good\ range. which statement best describes the lenders viewpoint of william? he is a low - risk borrower who qualifies for lower interest rates. he is a low - risk borrower who will struggle to obtain a loan. he is a high - risk borrower who will get multiple loan offers. he is a high - risk borrower who qualifies for higher interest rates.
Answer
Answer:
He is a low - risk borrower who qualifies for lower interest rates.
Brief Explanations:
A very good credit score indicates lower risk to lenders, who typically offer lower interest rates to such borrowers.