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

Name: Which of the following might lead a consumer to seek a loan from a subprime lender?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All of these factors (inability to document income, previous bankruptcy, lack of credit history, and lack of savings for a down payment) could lead a consumer to seek a loan from a subprime lender. Subprime lenders typically specialize in lending to borrowers who may have difficulty obtaining loans from traditional lenders.

Which of the Following Might Lead a Consumer to Seek