Multiple Choice
Nate wishes to get a student loan to pay for college. However, his credit history is very brief since he is only 18 years old and lending institutions will not lend to him. The lending institution informs Nate that he must find a third party that will assume his loan only in the event that Nate defaults on the loan. Therefore, given the facts stated above, what option can Nate pursue in order to get a student loan?
A) None.
B) Get a guarantor.
C) Get a surety.
D) File for bankruptcy.
Correct Answer:
Verified
Correct Answer:
Verified
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