Jeremy is an 18 year old college student with no prior credit history, who still lives at home. He will have a part-time job while he is attending college and has applied for a car loan. In these circumstances, the bank's loan officer will most likely approve the loan if Jeremy can
A) sign over his parent's car as collateral.
B) provide a cosigner on the loan.
C) increase his student loan.
D) maintain a "B" grade average.
Correct Answer:
Verified
Q50: Why would a bank require a borrower
Q51: Why has there been a shift away
Q52: In the U.S., individuals often pay a
Q53: When the level of insurance premiums that
Q54: Individuals who have a small amount deducted
Q56: An insurance company is likely to believe
Q57: In the U.S., the law requires employers
Q58: What name is given to an organization
Q59: _ in the insurance industry prevents premiums
Q60: Guarantees, warranties, and service contracts are all
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents