Problemas
Chris wants to get a cosigner for a car loan. Which person would be the best choice? A person with no assets(car, house, or financial account) A person with some late payments on their credit card A person with bad credit but a steady job. A person with a good credit history and a car and house
Roztwór
Delia
professionell · Tutor durante 6 años
4.3
(201 Votos)
Respuesta
The best choice for a cosigner would be 'A person with a good credit history and a car and house'.
Explicación
## Step 1The problem is asking us to identify the best person to be a cosigner for a car loan. A cosigner is someone who agrees to pay back a loan if the primary borrower defaults on the loan. The ideal cosigner would be someone who has a good credit history, stable income, and assets.## Step 2Let's evaluate each option:1. A person with no assets (car, house, or financial account): This person does not have any assets that can be used as collateral for the loan. This makes them a less attractive choice for a cosigner.2. A person with some late payments on their credit card: This person has a history of late payments, which indicates a lack of financial responsibility. This is not a good trait for a cosigner.3. A person with bad credit but a steady job: This person has bad credit, which means they have a history of not paying their debts on time. This is not a good trait for a cosigner.4. A person with a good credit history and a car and house: This person has a good credit history, which means they have a history of paying their debts on time. They also have assets, which can be used as collateral for the loan. This makes them an ideal choice for a cosigner.