Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? Check all that apply. applying for loans to pay for college making late payments having more debt than income filing for bankruptcy paying a credit card balance in full each month

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2 November, 09:03

Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? Check all that apply. applying for loans to pay for college making late payments having more debt than income filing for bankruptcy paying a credit card balance in full each month

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Answers (2)

Know the Answer?

Olive · Answer 1

I would say;

Making late payments, Having more debt than income, Filing for bankruptcy

Landen Graves · Answer 2

-making late payments

-having more debt than income

-filing for bankruptcy

Explanation:

The financial problems that might cause a person to be considered a bad risk for a loan to purchase a home are:

-Making late payments: if you pay your debts after the due date, it will affect your credit score and this also shows financial entities that you are not reliable.

-Having more debt than income: this shows that you are not able to cover your expenses which means that you won't be able to pay back a loan.

-Fillin for bankruptcy: it shows that you can't pay the debt you already have which means that you are not able to pay back an additional loan.

The other options: applying for loans to pay for college and paying a credit card balance in full each month are not financial problems that would cause that you will be considered a bad risk.