Which of the following describes the value of making payments on time? (1 point)

Question

Making payments on time shows the lender that a person is stable and therefore possibly a good candidate for credit.

Making payments on time tells the lender how much money they should loan the borrower.

Making payments on time guarantees the lender that a person will repay their debt on time.

Making payments on time tells the lender whether they should loan money to a borrower or not.

Answer 1

Making payments on time shows the lender that a person is stable and therefore possibly a good candidate for credit.