Question

Why do lenders often require a down payment when credit is used to purchase a good?

It reduces risk to the lender.
It eliminates interest charges.
It reduces the cost of the financed good.
It increases the cost of financing the good.

Answer 1

Well what do you think the answer is, or do I need to explain

Answer 2

https://www.rocketmortgage.com/learn/what-is-a-down-payment

Answer 3

\(\color{#0cbb34}{\text{Originally Posted by}}\) @KiWiPoP1
Well what do you think the answer is, or do I need to explain
\(\color{#0cbb34}{\text{End of Quote}}\)
I thought the answer was A

Answer 4

I think that is correct

Answer 5

Yeah that sounds good to me

Answer 6

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Angle
I think that is correct
\(\color{#0cbb34}{\text{End of Quote}}\)
Ohhh ok thxx it was correct