Question

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 lender’s viewpoint of William?

A.)He is a low-risk borrower who qualifies for lower interest rates.
B.)He is a low-risk borrower who will struggle to obtain a loan.
C.)He is a high-risk borrower who will get multiple loan offers.
D.)He is a high-risk borrower who qualifies for higher interest rates.

Answer 1

A.) He is a low-risk borrower who qualifies for lower interest rates.

Step-by-step explanation:

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Answer 2

I believe the answer is A. He is a low-risk borrower who qualifies for lower interest rates.
Borrower obtain a 'very good' range if the financial history shown several positive signs such as always paying on time, appropriately control the expenditure relative to the earning, etc. It tend to be easier for people in this range to obtain loan with low interest rate.