Even though you may have a very high credit score,the loan approval
A)relies on a lower BEACON score.
B)relies on consistent scores from all credit reporting agencies.
C)relies on the lender's assessment of sufficient income.
D)relies on the impression you make with your lender.

Question

Quizplus · Accepted Answer

While a good credit score is important, lenders also consider other factors such as income and debt-to-income ratio when deciding whether or not to approve a loan. A high credit score may not be enough if the lender does not believe that you have sufficient income to repay the loan.

Even Though You May Have a Very High Credit Score,the