Asked by a

If denied a loan, which of the following changes to your application process will not increase your chances of approval when you re-apply?
a.
Apply for a larger loan amount.
b.
Increase your gross monthly income.
c.
Have a cosigner apply for the loan with you.
d.
Eliminate some of your debt before you re-apply.


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
A

Applying for a larger loan amount will not increase your chances — it makes approval less likely. The other options (higher income, a cosigner, reducing debt) improve your creditworthiness.