And in the eyes of lenders, the new credit obligation increases your risk of possible default. (valuepenguin.com)
This is to protect the financial institution from possible default especially when it is common for these types of loans to involve $ 30,000 - $ 60,000 in available credit. (stockmonkeys.com)
This is to protect the lenders against possible default thereby making the loan less risky for them. (myfinancekits.com)