pete is trying to get a loan. he has a credit score of 480. how is petes lender likely to view this credit…

pete is trying to get a loan. he has a credit score of 480. how is petes lender likely to view this credit score?\n○ pete is responsible and will pay the loan back on time.\n○ pete is responsible but will not pay the loan back on time.\n○ pete is irresponsible but will pay the loan back on time.\n○ pete is irresponsible and will not pay the loan back on time.

pete is trying to get a loan. he has a credit score of 480. how is petes lender likely to view this credit score?\n○ pete is responsible and will pay the loan back on time.\n○ pete is responsible but will not pay the loan back on time.\n○ pete is irresponsible but will pay the loan back on time.\n○ pete is irresponsible and will not pay the loan back on time.

Answer

Brief Explanations:

A credit score of 480 is very low (typically, good credit scores are 670+). A low credit score suggests a history of poor credit management (irresponsible financial behavior) and higher risk of defaulting on loan payments (not paying back on time). So the lender would view Pete as irresponsible and unlikely to pay back on time.

Answer:

D. Pete is irresponsible and will not pay the loan back on time (assuming the last option is labeled D; if original options had labels like A - D, with the last option being the correct one as per the explanation, present the correct option with its label and text).