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Question

3 of 53 of 5 Items
Question
Which of the following describes the value of making payments on time?(1 point)
Responses

Making payments on time guarantees the lender that a person will repay their debt on time.
Making payments on time guarantees the lender that a person will repay their debt on time.

Making payments on time shows the lender that a person is stable and therefore possibly a good candidate for credit.
Making payments on time shows the lender that a person is stable and therefore possibly a good candidate for credit.

Making payments on time tells the lender how much money they should loan the borrower.
Making payments on time tells the lender how much money they should loan the borrower.

Making payments on time tells the lender whether they should loan money to a borrower or not.
Making payments on time tells the lender whether they should loan money to a borrower or not.
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Answer 1

Correct answer: Making payments on time shows the lender that a person is stable and therefore possibly a good candidate for credit.