Question

How can personal property impact the process of applying for a loan with a bank? A. A bank will want to see that the loan money is not going to be used for something already belonging to the applicant. B. A bank is more likely to approve a loan to someone if valuable assets and collateral can be shown. O C. Personal property is not important because a bank is not concerned with personal property, only income. O D. A bank is more likely to approve a loan to someone who has no property and really needs help.​

Answer 1

B. A bank is more likely to approve a loan to someone if valuable assets and collateral can be shown.is your answer