Question: 1. Why does a credit application request contact information for your next-of-kin relative who does not share a residence with you? (LO 5-1) a. Its

1. Why does a credit application request contact information for your next-of-kin relative who does not share a residence with you? (LO 5-1)

a. It’s a marketing ploy

b. So they may act as a cosigner

c. For use as a default payment contact if you skip out on payment

d. To see if you are related to anyone in the company

Step by Step Solution

3.38 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Personal Finance Questions!