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? 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 1

Answer: He is a low-risk borrower who qualifies for lower interest rates.

Step-by-step explanation:

Answer 2

I believe the answer is: He is a low-risk borrower who qualifies for lower interest rates.
'Very good' range on a credit score is given to the people who had a high level of financial responsibility.
These people tend to always pay all of their previous debt on time and had a pretty wide gap between total income and their total Debt.