which of the following is a possible consequence of bad credit? difficulty getting a loan higher interest…
which of the following is a possible consequence of bad credit? difficulty getting a loan higher interest rates higher insurance premiums all of the above
Answer
Brief Explanations:
Bad credit indicates a poor credit - worthiness. Lenders are less likely to approve loans for those with bad credit, so getting a loan is difficult. To compensate for the higher risk, lenders charge higher interest rates. Insurance companies also consider bad credit a risk factor and may charge higher insurance premiums.
Answer:
D. All of the above