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

## Step 1<br />The 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.<br /><br />## Step 2<br />Let's evaluate each option:<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.