Low credit scores may result in
A)lower interest rates for borrowing.
B)higher interest rates for borrowing.
C)automatic acceptance of your credit application.
D)targeting by credit companies.

Question

Quizplus · Accepted Answer

Low credit scores indicate a higher risk for lenders, which leads to higher interest rates for borrowing. Lenders may also be more hesitant to approve credit applications from individuals with low credit scores. Additionally, credit companies may target individuals with low credit scores for credit repair or subprime lending offers.

Low Credit Scores May Result in