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Which of these are needed when applying for a loan? Choose all answers that apply: A political preference B amount and purpose C banking information D your parents' credit report D

Pergunta

Which of these are needed when applying for a loan?
Choose all answers that apply:
A political preference
B amount and purpose
C banking information
D your parents' credit report D

Which of these are needed when applying for a loan? Choose all answers that apply: A political preference B amount and purpose C banking information D your parents' credit report D

Solução

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IngridMestre · Tutor por 5 anos

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B, C

Explicação

## Step 1<br />When applying for a loan, the lender needs to understand the financial capacity of the applicant. This is done by assessing the applicant's income, expenses, and other financial obligations. This information is typically provided by the applicant through the loan application form.<br /><br />## Step 2<br />The amount and purpose of the loan are also important. The amount of the loan is the amount of money the applicant is asking for, while the purpose of the loan is the reason why the applicant is asking for the loan. This information helps the lender understand the applicant's financial needs and whether the loan is a good investment.<br /><br />## Step 3<br />The applicant's banking information is also required. This includes the applicant's bank account details, credit card information, and other financial records. This information helps the lender understand the applicant's financial history and whether they are capable of repaying the loan.<br /><br />## Step 4<br />The applicant's parents' credit report is not typically required when applying for a loan. This is because the applicant's creditworthiness is determined by their own financial history and not by their parents' credit history.
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