Which of the following might lead a consumer to seek a loan from a subprime lender?

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All of the options could lead a consumer to seek a loan from a subprime lender. Subprime lenders often specialize in lending to consumers with poor credit histories, low incomes, and little savings. Consumers who are unable to document their income, have previously filed for bankruptcy, have no credit history, or lack savings for a down payment may all be considered risky borrowers by traditional lenders and therefore turn to subprime lending options.

Which of the Following Might Lead a Consumer to Seek