Responses
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 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 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.
1 answer
The response that best describes the value of making payments on time is:
"Making payments on time shows the lender that a person is stable and therefore possibly a good candidate for credit."
This statement emphasizes that timely payments reflect a borrower's financial reliability and stability, which can influence a lender's decision to extend credit.
