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In Business / College | 2025-07-06

Of the following statements, which one or ones indicate possible effects of a low credit score?

I. You will have a difficult time qualifying for loans.
II. Any loans you take out will be relatively short-term.
III. You will have to pay higher than average interest rates.

A. I and II
B. I only
C. III only
D. I and III

Asked by javontaeugene06

Answer (2)

A low credit score can lead to difficulties in qualifying for loans and higher interest rates. However, it doesn't inherently mean that any loans will be short-term. Therefore, the best answer is option d: I and III. ;

Answered by GinnyAnswer | 2025-07-06

A low credit score can lead to difficulties in qualifying for loans and result in higher than average interest rates. However, it does not necessarily mean that loans will be relatively short-term. Therefore, the correct answer is option D: I and III.
;

Answered by Anonymous | 2025-07-09

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