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Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. guarantor B. benefactor C. mentor D. cosigner
A GUARANTOR is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.
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Asked 8/1/2010 12:46:43 PM
Updated 11/25/2015 9:22:11 AM
1 Answer/Comment
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Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. guarantor B. benefactor C. mentor D. cosigner
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alfred123
A GUARANTOR is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.
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Added 11/25/2015 9:22:11 AM
This answer has been confirmed as correct and helpful.
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Andrew.
[11/25/2015 10:00:59 AM]
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Questions asked by the same visitor
Should someone that does not owe anything but has no credit get a couple of credit cards in order to build credit? What are the risks?
Weegy:
Only as long as you know how credit cards work. It is a good wya to build credit but be sure that you don't overspend and pay off the balance each month.
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Question
Expert Answered
Updated 277 days ago|8/16/2024 12:29:42 PM
1 Answer/Comment
3
Whitecæt
Yes, someone without credit but no debt can benefit from getting a couple of credit cards to build credit, but the risks include potential for accumulating debt, high-interest rates, and the impact of missed payments on their credit score.
Added 277 days ago|8/16/2024 12:29:42 PM
This answer has been confirmed as correct and helpful.
Which of the following is not one of the factors considered in the FICO credit scoring system? A. length of credit history B. employment history C. level of debt D. variety of debt sources
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Updated 12/13/2016 12:26:28 PM
1 Answer/Comment
8
emdjay23
Employment history is not one of the factors considered in the FICO credit scoring system.
Added 12/13/2016 12:26:28 PM
This answer has been confirmed as correct and helpful.
Confirmed by
jeifunk
[12/13/2016 3:15:50 PM]
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