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Loans & Lending Practices MCQs

Why have the lenders been restricting the issuance of credit cards in recent years?

Because consumer credit ratings have been going down rapidly

Because higher bankruptcy and non payment levels by consumers have been eating into the profit levels

Because consumers have nothing else to buy

Because there is a tendency among consumers to take out home loans instead

Answer

Correct Answer: Because higher bankruptcy and non payment levels by consumers have been eating into the profit levels

Explanation:

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