Dwayne's mortgage application was denied because the credit report noticed several late payments to his credit cards over a 2 year period and he had missed 3 payments on a loan. would this make him a good candidate to borrow money for a mortgage?

a. yes, he has borrowed money before which means he knows what he's doing
b. both of these.
c. no, he has not proven he is financially responsible with money previously borrowed
d. none of these.

. No, he has not proven he is financially responsible with money previously borrowed.

Explanation:

Dwayne is a high-risk customer.

Most lenders will want to stay away for customers who are perceived as high-risk.  A high-risk customer is one whose probability of defaulting on a loan is above the market average.

Dwayne has missed loan repayments in the recent past. Banks interplate this as an indicator that he is highly likely to default on future loan repayments.  

For Dwayne to qualify for a loan, he has to improve his credit score. He can do that by prompt repayments of debts. He has to find out why he is missing or getting late in meeting his obligations. Most likely, he is taking loans for the wrong reasons.