Question

Which financial problems might cause a person to be considered a bad risk for a loan to purchase a home? Check all that apply.
applying for loans to pay for college
making late payments
having more debt than income
filing for bankruptcy
paying a credit card balance in full each month

Answer 1

Check all that apply:
- making late payments ✓
- having more debt than income ✓
- filing for bankruptcy ✓

Not problems (or are positive): applying for loans to pay for college (not inherently a disqualifier) and paying a credit card balance in full each month (positive).