Lesley is applying for a car loan. The loan company runs
her credit report. According to the report, she already has
one car loan. She has four credit cards, and all have
reached their limit. She also has a student loan that she
used to pay for college. In addition to her high debt,
Lesley has had multiple late and missed payments on all
of her credit cards and loans.
Based on Lesley's credit history, consider
how the loan company will likely view her.
Given her financial situation, Lesley is likely
to be considered a_____
borrower.
The loan company is likely to______
Lesley's loan application.

Respuesta :

Answer:

1 High-Risk

2 Reject

Explanation:

E2020

Given her financial situation, Lesley is likely  to be considered a High Risk borrower. and the loan company is likely to Reject Lesley's loan application.

According to the given question, we are asked to show the most likely outcome based on the give details about Lesley and her credit report.

As a result of this, we can see that Lesley's credit history is not a good one as based on the credit report, the company can see that she has defaulted and missed payments several times and has outstanding bills and her credit card is at the max, this shows that she is a high risk customer and her application would likely be declined.

Therefore, the correct answer is High Risk and Reject

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