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Question
tamera and rupert each applied for the same credit card through the same company. tamera has a positive credit history. rupert has a negative credit history. which compares their credit limits and likely interest rates? tameras credit limit is most likely higher than ruperts, and her interest rate is most likely lower. tameras credit limit is most likely lower than ruperts, and her interest rate is most likely higher. ruperts credit limit is most likely higher than tameras, and his interest rate is most likely lower. ruperts credit limit is most likely lower than tameras, and his interest rate is most likely lower.
Credit - scoring systems reward positive credit history. Those with positive credit history are seen as lower - risk borrowers. So, they are likely to get higher credit limits and lower interest rates. Tamera has a positive credit history while Rupert has a negative one.
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Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower.