Credit scores in the 500-600 range will likely result in
A) lower interest rates.
B) higher interest rates.
C) automatic acceptance of your credit application.
D) preferential treatment of your application.

Question

Quizplus · Accepted Answer

Credit scores in the 500-600 range are considered poor or below average, which typically leads to lenders charging higher interest rates to offset the increased risk of lending to individuals with lower credit scores.

Credit Scores in the 500-600 Range Will Likely Result in