Why do some lenders require borrowers to secure credit?
a. to prevent defaults
b. to guarantee full repayment
c. to avoid any losses
d. to reduce risk

D. to reduce risk

Explanation:

Lenders require borrowers to secure credit in order to reduce risks. When loaning cash to borrowers, financial foundations regularly necessitate that individuals secure credit. One reason why this is the situation is to decrease the hazard.  

On the off chance that a borrower can verify credit, it as a rule implies that they are financial dependable as dictated by an outsider. This generally incorporates an examination of the credit history. A credit history shows what number of records an individual has, regardless of whether they have a decent history of paying bills on schedule, and whether they utilize a noteworthy level of their verified credit. Every one of these elements assume a noteworthy job in verifying credit.

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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