of the following statements, which one or ones indicate possible effects of a low credit score? i. you will…

of the following statements, which one or ones indicate possible effects of a low credit score? i. you will have a difficult time qualifying for loans. ii. any loans you take out will be relatively short - term. iii. you will have to pay higher than average interest rates. a. i only b. i and ii c. iii only d. i and iii please select the best answer from the choices provided

of the following statements, which one or ones indicate possible effects of a low credit score? i. you will have a difficult time qualifying for loans. ii. any loans you take out will be relatively short - term. iii. you will have to pay higher than average interest rates. a. i only b. i and ii c. iii only d. i and iii please select the best answer from the choices provided

Answer

Brief Explanations:

A low - credit score indicates higher credit risk. Lenders are less likely to approve loans for those with low scores (I). Also, to compensate for the higher risk, they charge higher interest rates (III). There is no direct connection between a low credit score and loan term length.

Answer:

d. I and III