Which is most likely to happen to consumers with good credit? Check all that apply.

They can be approved for loans.
They are denied a mortgage.
They can receive lower interest rates.
They are denied an unsecured loan.
They can use credit in emergencies.
They are forced into high interest rates.

Question

corwin.naomi · Accepted Answer

Answer:They can be approved for loans.They can receive lower interest rates.They can use credit in emergencies.Explanation:Good credit history is a result of sound debt management habits. A person with good credit is disciplined in the use of credit facilities. They are characterized byThey pay their debts on time.They do not miss installment payments.Are not overwhelmed by too many debts at a time.Lenders consider an individual with good credit as low-risk customers. Due to this reason, they are advanced loans at lower interest rates. Customers with good credit get their credit approvals within a short period.

fermin.lesch · Answer

Statements that explains things that most likely to happen to consumers that has good credit are;

They can be approved for loans.

They can receive lower interest rates.

They can use credit in emergencies.

A consumer credit system can be considered as one that give room to the consumers to borrow money or incur debt.

It enable them to defer repayment of the money over time, and with good credit lower interest rates can be accessed.

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Which is most likely to happen to consumers with good credit? Check all that apply.

They can be approved for loans.
They are denied a mortgage.
They can receive lower interest rates.
They are denied an unsecured loan.
They can use credit in emergencies.
They are forced into high interest rates.

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Which is most likely to happen to consumers with good credit? Check all that apply. They can be approved for loans. They are denied a mortgage. They can receive lower interest rates. They are denied an unsecured loan. They can use credit in emergencies. They are forced into high interest rates.

Answers

Related Questions

Answers

Which is most likely to happen to consumers with good credit? Check all that apply.

They can be approved for loans.
They are denied a mortgage.
They can receive lower interest rates.
They are denied an unsecured loan.
They can use credit in emergencies.
They are forced into high interest rates.