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

Question

Quizplus · Accepted Answer

All of the options listed can be reasons for a consumer to seek a loan from a subprime lender. Subprime lenders specialize in providing loans to individuals who do not meet the strict requirements of traditional lenders, such as banks, and may have higher interest rates or fees associated with their loans. Inability to document income, past bankruptcy, lack of credit history, and insufficient savings for a down payment are all factors that can make it difficult for individuals to obtain loans from traditional lenders and can lead them to seek out subprime loans.

Which of the Following Might Lead a Consumer to Seek