Question

a person with a credit score of 540 applies for a loan. she will likely get a
low-interest rate loan.
high-interest rate loan.
loan without late fees.
collateralized loan.

Explanation:

A credit score of 540 is considered poor, indicating higher lending risk. Lenders charge higher interest rates to offset this risk. Low-interest rates are for high-score borrowers, late fees are standard for most loans, and collateralization is not the primary outcome for this score.

Answer:

B. high-interest rate loan.