Question

lev applies for a number of credit cards. soon he has large balances on all of them and makes only the minimum payments. how could this affect him?
lenders could take his home.
lenders could offer to erase his debt.
lenders could avoid giving him more credit.
lenders could reward him with higher credit limits.

Explanation:

Large credit card balances and only minimum payments indicate high credit risk. Lenders avoid extending more credit to high-risk borrowers. Taking a home typically requires default on secured loans (not unsecured credit cards). Erasing debt is not standard for this scenario. Higher credit limits reward responsible use, not high balances/minimum payments.

Answer:

C. Lenders could avoid giving him more credit.