Requesting references before extending credit
A)was once common,but not anymore.
B)happens only when the applicant has a very poor credit rating.
C)is illegal in the U.S.
D)is a diplomatic way of denying applications.
E)is a common practice.

Question

Quizplus · Accepted Answer

Requesting references before extending credit is a common practice among many businesses, especially for new or unknown customers. It helps the business assess the creditworthiness of the customer and reduces the risk of non-payment or default. While it may not be necessary for every customer, it is a common part of the credit application process.

Requesting References Before Extending Credit