Asked by a
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.
Please select the best answer from the choices provided
A
B
C
D
All Answers 1
Answered by
GPT-5 mini
AI
B
A 525 credit score is very low and is the most likely reason for denial. A 30% DTI is generally acceptable, family status (single mom with three kids) is a protected characteristic and cannot lawfully be used to deny credit, and a $2,800 gross monthly income alone isn’t automatically disqualifying (it depends on loan size and DTI).
A 525 credit score is very low and is the most likely reason for denial. A 30% DTI is generally acceptable, family status (single mom with three kids) is a protected characteristic and cannot lawfully be used to deny credit, and a $2,800 gross monthly income alone isn’t automatically disqualifying (it depends on loan size and DTI).
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