Question: Why does a lender want information about a persons current cash inflow and outflow? a. The information helps to determine the number of cosigners a

Why does a lender want information about a person’s current cash inflow and outflow?

a. The information helps to determine the number of cosigners a person will need for the loan to be approved.

b. Most lenders do not make loans to anyone whose assets are not twice his liabilities.

c. The lender needs to know the person’s credit score before making the loan.

d. The information helps the lender make a decision on the person’s ability to pay back the loan.

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