Question

To be granted future loans, it is important to pay loans on time and avoid:

Select one:
a. taxes
b. insurance
c. default.
d. compensation

Answer 1

To be granted future loans, it is important to pay loans on time and avoid default.

Step-by-step explanation:

When it comes to being granted future loans, it is important to pay loans on time and avoid default. Defaulting on a loan means failing to make payments as agreed, which can negatively impact your credit score and make it difficult to obtain loans in the future. By paying loans on time and avoiding default, you demonstrate financial responsibility and increase your chances of being approved for future loans.