A new customer applies for credit and indicates on the application form that he does not have any trade references due to the fact that he never had any credit facilities before. Credit bureau enquiries also display no existing records for the customer. The customer is 35 years of age. Select which one of the following statements is true in terms of the statement. Please note that only one answer is correct.

a. This case is a clear indication of fraud, it should be reported.

b. It is the type of individual a bank does not want to conduct business with

. c. Depending on background, this could be normal.

d. No credit should be provided to this individual.