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FrozenT [24]
3 years ago
13

Why do lenders often require a down payment when credit is used to purchase a good?

Business
2 answers:
Kipish [7]3 years ago
7 0

Why do lenders often require a down payment when credit is used to purchase a good?

It reduces risk to the lender.

It eliminates interest charges.

It reduces the cost of the financed good.

It increases the cost of financing the good.

Taya2010 [7]3 years ago
6 0
It is A hope this helps
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