Your credit score can be negatively affected if you borrow from lenders who have low standards.

Name: Your credit score can be negatively affected if you borrow from lenders who have low standards.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Borrowing from lenders with low standards, such as payday lenders, can harm your credit score as they may not report on-time payments to credit bureaus or may report missed payments, leading to late fees and penalties that can damage your credit.

Your Credit Score Can Be Negatively Affected If You Borrow