Lenders generally are reluctant to extend credit to individuals with no previous credit history (and no outstanding
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Lenders generally are reluctant to extend credit to individuals with no previous credit history (and no outstanding debts). Yet they willingly extend credit to individuals who are in the process of repaying debts. Is this reasonable? Is it fair? Explain your answer.
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This practice is reasonable because l...View the full answer
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Business
ISBN: 978-0538478083
11th edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
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