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In Business / College | 2025-07-06

Those with high credit limits tend to be what?
A. high-risk borrowers
B. vulnerable borrowers
C. low-risk borrowers

Asked by cacawhates

Answer (1)

Individuals with high credit limits are typically classified as low-risk borrowers due to their positive credit management and financial responsibility. Factors like credit history and debt-to-income ratios contribute to this classification. In general, high credit limits reflect a lender's confidence in the borrower's ability to repay. ;

Answered by GinnyAnswer | 2025-07-06

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