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Which of the following is likely to keep Harry from being approved for a loan? a. Harry's debt-to-income is a stable 39%. b. Harry's credit score currently sits at 702. c. Harry has a gross monthly income of $3800. d. Harry was able to offer his vacation home as collateral for the loan.

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MissPhiladelphia

Based on the options given, the most likely answer to this query is "c. Harry has a gross monthly income of $3800.".
Having an insufficient income can lead the bank to dubiously approve the loan. 

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Answer: The answer is (a). Harry's debt-to-income is stable 39%.


Step-by-step explanation:  Harry is going to apply for a loan.

(a)It is given that Harry's debt-to-income is stable 39%. It means he has to pay 39% from his income to debt payments and because it is stable, so it may be possible that the loan will not approve. Thus, option (a) is correct.

(b) Since Harry's credit score is 702, which is good enough to apply for a loan, so, (b) is incorrect.

(c) Harry's gross monthly income is $3800 which cannot be the reason behind loan rejection. So, option (c) is also not correct.

(d) Here also, there is no issue and hence this option will also not work.

Thus, the correct option is (a).


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