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In Business / College | 2025-07-04

Select the three results of a high credit score.
[mark all correct answers]
a. higher interest rate on loans
b. more options for obtaining credit
c. more favorable terms on credit contracts
d. lower insurance cost

Asked by ashleygentry88

Answer (2)

A high credit score leads to more options for obtaining credit, more favorable loan terms, and lower insurance costs. These benefits arise from lenders' confidence in the borrower's repayment ability. A high credit score does not result in a higher interest rate on loans. ;

Answered by GinnyAnswer | 2025-07-04

A high credit score results in more options for obtaining credit, more favorable terms on credit contracts, and lower insurance costs. These outcomes reflect lenders' and insurers' confidence in an individual's ability to repay loans and manage financial responsibilities. Therefore, the correct choices are options B, C, and D.
;

Answered by Anonymous | 2025-07-20

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