Single Answer MCQ
Q-00045466
What can be a consequence of having too high a debt-to-income ratio?
1
Easier loan approval
2
Better financial management
3
Difficulty in obtaining additional credit
4
Lower interest rates on loans
Answer and Solution
Answer
C. Difficulty in obtaining additional credit
Solution:
A high debt-to-income ratio can lead to difficulty in obtaining additional credit. Lenders view this ratio as an indicator of financial strain, risking non-repayment.
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