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Question
what does a good credit score mean a person will be able to get?
○ a higher interest rate
○ a credit history
○ a lower interest rate
○ a default
A good credit score indicates that a borrower is less risky to lenders. Lenders typically offer lower interest rates to borrowers with good credit scores as they are more likely to repay loans on time. A higher interest rate is for risky borrowers, a credit history is what leads to a credit score (not what a good score gets), and a default is a failure to repay, which is not associated with a good credit score.
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C. a lower interest rate