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HL Central | Activities ( Unit 5: Credit Lesson - 2 X Credit (Unit 5).docx - Cr x G lebron, a high school be x

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HL Central | Activities ( Unit 5: Credit Lesson - 2 X Credit (Unit 5).docx - Cr x G lebron, a high school be x Untitle 5412/viewContent/34167746/View Credit 121314 print all Listen Summarize Unit 5: Credit Assume you are a lender. Each of the four individuals described below is seeking a car loan. For each of the descriptions below rate them in order, Number 1 being the first person you would offer the lowest interest rate on a loan to and the last one being the one you might not offer a loan too. Explain how you came up with your decision. SS 1. Lebron, a high school basketball coach and golf pro; he recently borrowed $15,000 to go back to school and $200,000 to buy a new house, and he owes $2500 on his four credit cards. 2. Katrina, a real estate agent who recently got a new job after 8 months of unemployment; she has $5,000 in credit card debt and missed two mortgage payments on her home this year. 3. Bonnie, a travel agent with $2500 in credit card debt and a $150,000 mortgage on her house in Hawaii; she made two late credit card payments in the past 15 years. 4. Walt, a recent college graduate who just got his first teaching job; he has never taken a loan or owned a credit card

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