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Question
which is a possible benefit of having a good credit history? getting a high interest rate on a credit card offer obtaining a low interest rate on a loan obtaining a savings account having a paycheck garnished
Brief Explanations
- A good credit history shows a borrower's reliability. Lenders offer lower interest rates to those with good credit as they are less risky.
- A high interest rate is not a benefit and is for higher - risk borrowers.
- Obtaining a savings account is not related to credit history (savings accounts are for depositing money, not based on creditworthiness).
- Having a paycheck garnished is a negative consequence, usually from unpaid debts or legal issues, not a benefit of good credit.
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B. obtaining a low interest rate on a loan