Thin-file customers are considered which of the following:
A)Customers with low amounts of retirement funds.
B)Customers with low credit scores.
C)Customers who develop a credit history at a slow pace.
D)Customers with no emergency fund.
E)Customers at risk of defaulting on loans.

Question

Quizplus · Accepted Answer

Thin-file customers are those who have a limited credit history or have yet to establish one. This means they have a low number of credit accounts or a short credit history, making it difficult for lenders to assess their creditworthiness. It does not necessarily mean that they have low retirement funds, low credit scores, no emergency fund, or at risk of defaulting on loans, although these factors may also affect their overall financial health.

Thin-File Customers Are Considered Which of the Following