Kendrick is planning to buy a house. Which explains why he should establish a positive credit history before buying the house? a. He will get the house for a lower price. b. It will be easier for him to get a loan to buy the house. c. He will be able to get a higher interest rate when buying the house. d. He will be able to find a house he likes more quickly.

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Prince Bailey

18 September, 08:00

Kendrick is planning to buy a house. Which explains why he should establish a positive credit history before buying the house? a. He will get the house for a lower price. b. It will be easier for him to get a loan to buy the house. c. He will be able to get a higher interest rate when buying the house. d. He will be able to find a house he likes more quickly.

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Ellis Blair · Answer 1

Answer: alternative B.

Explanation: When asking for a loan in a bank, one should be aware that all the credit background related to this person will be analyzed by the bank, in order for it to decide if the person will be a trustworthy client and pay for his or her debts correctly. It isn't interesting for a bank to lend money to someone who is already know not to pay his bills, so buying a house while having a clean record would be for the best.