Lesley is applying for a car loan. The loan company runs
her credit report. According to the report, she already has
one car loan. She has four credit cards, and all have
reached their limit. She also has a student loan that she
used to pay for college. In addition to her high debt,
Lesley has had multiple late and missed payments on all
of her credit cards and loans.
Based on Lesley's credit history, consider
how the loan company will likely view her.
Given her financial situation, Lesley is likely
to be considered a
borrower.
The loan company is likely to
Lesley's loan application.