Creditors will decline your request for credit if they see that your income is insufficient to cover your debts.
Lenders will be reluctant to approve a loan if you have a bankruptcy on your credit report since it increases the risk involved.
Thus, Option B is correct.
<h3>Who makes the decision about your credit application?</h3>
Your information is provided to the credit reporting bureau, but the lender ultimately decides whether or not to extend credit.
The best course of action is typically to speak with the lender directly if you require more details especially regarding your denial.
For more information about Credit application refer to the link:
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The answer is A, switching your cell phone off before you enter a meeting.
Answer:
d. Product financing arrangement.
Explanation:
A business transaction in which an organization sells and agrees to repurchase inventory with the repurchase price equal to the initial or original sales price plus the carrying and financing costs is known as the Product financing arrangement.
A product financing arrangement is more likely to exist when the seller commits to having a third party client purchase the item and then agrees to repurchase the item from the third party client.
It's noteworthy to know, that the seller controls how the item sold under either of the above mentioned situations is analysed and disposed of.
