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jolli1 [7]
3 years ago
8

BRAINLIEST TO THE CORRECT ANSWER !!!

Business
1 answer:
Rufina [12.5K]3 years ago
8 0

Answer:

She is more likely to get a loan with a low interest rate

Explanation:

A low credit score indicates inadequate debt management by an individual. It communicates that the person borrows but does not pay promptly, misses on installments, or is a defaulter.  A person with a low credit score is therefore considered a high-risk borrower.

In practice, a person with a poor credit score may find it challenging to obtain credit. Lenders and car dealers may set tough conditions before issuing the loan, such as a higher deposit requirement. Before applying for a car loan, an individual with a poor credit score may consider improving their score. A person with a low credit score will pay a higher interest rate for the loan, if approved.

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