Answer :
The inference that may be made is that the bank should give the loan some thought given that the debt ratio has consistently decreased since the last loan application.
Lenders anticipate that borrowers who take out loans will eventually be able to pay them back. For the period of time between the time a loan was granted and the time it was fully repaid, interest rates are assessed according to a predetermined rate and schedule. The most common way to express interest is as an annual percentage rate (APR).
When faced with financial hardship, some borrowers may seek bankruptcy protection. However, prior to filing for bankruptcy, borrowers should exhaust all other options. (A borrower's future capacity to get finance may be impacted by bankruptcy.) Earning more money, refinancing, seeking assistance through assistance programs, and negotiating with creditors are all alternatives to declaring bankruptcy.
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