Select all the correct answers.

Question

Which two of the following are minimum requirements in order to obtain credit?

The borrower must be 16 years or older.
The borrower must show proof of income.
The borrower must show proof of residency or citizenship.
The borrower must nominate a cosigner.

Answer 1

The two correct answers that are typically minimum requirements in order to obtain credit are:

1. The borrower must show proof of income.
2. The borrower must show proof of residency or citizenship.

(Note: The specific requirements can vary by lender and region, but these two are commonly needed.)