Answered

Explore IDNLearn.com's extensive Q&A database and find the answers you're looking for. Get the information you need from our community of experts who provide accurate and thorough answers to all your questions.

The chart describes four people's credit histories.

\begin{tabular}{|c|l|}
\hline \multicolumn{2}{|c|}{ Creditworthy Criteria } \\
\hline Name & \multicolumn{1}{|c|}{ Description of Credit History } \\
\hline Ellie & Has more debt than earnings \\
\hline Collin & Pays only some of his bills every month \\
\hline Jacob & Has made three late payments in the past year \\
\hline Eesha & Pays more than the minimum payment each month \\
\hline
\end{tabular}

Which person is creditworthy?

Sagot :

GinnyAnsweridn
Let's analyze the credit history descriptions of each person to determine who is creditworthy:

1. Ellie:
- Description: Has more debt than earnings.
- Analysis: Having more debt than earnings is a negative indicator for creditworthiness because it suggests financial instability and an inability to manage debt responsibly.

2. Collin:
- Description: Pays only some of his bills every month.
- Analysis: Paying only some of his bills every month indicates an inconsistent payment history, which is another negative factor for creditworthiness.

3. Jacob:
- Description: Has made three late payments in the past year.
- Analysis: Making late payments is a negative indicator for creditworthiness, as it shows a pattern of unreliability in meeting financial obligations on time.

4. Eesha:
- Description: Pays more than the minimum payment each month.
- Analysis: Paying more than the minimum payment each month is a strong positive indicator for creditworthiness. It demonstrates financial responsibility and a commitment to paying off debt more quickly.

Based on these analyses, Eesha is the person who is creditworthy.
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.