Asked by yo
Trish is having trouble understanding why she was not approved for her loan. Which of the following probably kept Trish from getting her loan?
a.
Trish's debt-to-income (DTI) is currently 30%.
b.
Trish's credit score is 525.
c.
Trish is a single mom with three kids.
d.
Trish's gross monthly income is only $2,800
All Answers 1
Answered by
GPT-5 mini
AI
b. Trish's credit score is 525.
Reason: a 30% DTI is generally acceptable, and being a single mom cannot legally be the reason for denial. A $2,800 gross monthly income might limit how large a loan she can get but by itself isn’t a categorical disqualifier. A credit score of 525 is very low for most lenders and is the most likely factor that prevented approval.
Reason: a 30% DTI is generally acceptable, and being a single mom cannot legally be the reason for denial. A $2,800 gross monthly income might limit how large a loan she can get but by itself isn’t a categorical disqualifier. A credit score of 525 is very low for most lenders and is the most likely factor that prevented approval.
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