When lenders look at collateral, they are looking to see if an individual _____.
A. has been responsible in the past with credit
B. has a positive net worth
C. has the ability to make payments based on the amount of income and bills
D. has property that they can promise to give to the lender if a loan is not paid
When lenders look at collateral, they are looking to see if an individual has property that they can promise to give to the lender if a loan is not paid.
Expert answered|sharpies|Points 101|
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Asked 1/26/2011 7:57:13 AM
Updated 12/20/2022 12:33:11 PM
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Masamune [12/20/2022 12:33:10 PM]
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