When applying for a credit card, a lender
A)is not interested in collateral because it cannot secure it.
B)is expecting you to use the credit for small investments.
C)wants to see your cash flow statement.
D)will rely only on the reports from the credit agencies.

Question

Quizplus · Accepted Answer

Lenders often want to see your cash flow statement to assess your ability to repay the credit card debt, as it provides insight into your income and expenses.

When Applying for a Credit Card, a Lender