25
QuizMultiple Choice

Using Graphs to Advertise — Cumulative exam

Question 25 • FowU - Financial Math - B

Trish is having trouble understanding why she was not approved for her loan. Which of the following probably kept Trish from getting her loan?

Answer
A
Trish's debt-to-income (DTI) is currently 30%.
B
Trish's credit score is 525.
C
Trish is a single mom with three kids.
D
Trish's gross monthly income is only $2,800.

Explanation

A credit score of 525 is low and can make a lender view Trish as a high-risk borrower, which could lead to her loan application being denied. A 30% debt-to-income ratio is generally not unusually high. Being a single parent is not, by itself, a valid reason to deny a loan.

AI-written and checked against the verified answer.

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