In each situation listed below, identify whether a consumer lender would evaluate an individual's request to borrow money as positive and or negative, and explain why.
a. The borrower lives near the lender's home office and has a telephone.
b. The borrower holds approximately $8,000 in shares in mutual funds and corporate bonds.
c. The borrower has a $50,000 term life insurance policy through her place of work.
d. The borrower has no health insurance plan because her employer does not offer one.

Question

In each situation listed below, identify whether a consumer lender would evaluate an individual's request to borrow money as positive and or negative, and explain why.
a. The borrower lives near the lender's home office and has a telephone.
b. The borrower holds approximately $8,000 in shares in mutual funds and corporate bonds. 
c. The borrower has a $50,000 term life insurance policy through her place of work.
d. The borrower has no health insurance plan because her employer does not offer one.

Quizplus · Accepted Answer

The Answer of In each situation listed below, identify whether a consumer lender would evaluate an individual's request to borrow money as positive and or negative, and explain why.
a. The borrower lives near the lender's home office and has a telephone.
b. The borrower holds approximately $8,000 in shares in mutual funds and corporate bonds. 
c. The borrower has a $50,000 term life insurance policy through her place of work.
d. The borrower has no health insurance plan because her employer does not offer one.

In Each Situation Listed Below, Identify Whether a Consumer Lender