Question

Jessica has been very reliable making payments on reasonable loans over the past decade. She has never been late on a payment and does not plan on borrowing more than she can afford to repay. Her credit report and credit history are superior. She can expect to have a
A. high credit score and no trouble getting another loan
B. high credit score but difficulty arranging more loans
C. low credit score and difficulty getting another loan
D. low credit score but no difficulty getting more loans

Answer 1

The answer is A i promise you

Answer 2

The correct answer is A. High credit score and no trouble getting another loan

Explanation:

In finance, the credit score reflects the creditworthiness of people or how whether you can trust a person or not in terms of providing him/her with a credit. This score depends on previous credit reports and affects the possibilities of a person to get loans in the future. Additionally, credit scores are between 300 and 900 in which 900 is excellent.

According to this, as Jessica has never been late on a payment and in general terms she has positive credit reports it is likely she has a high credit score (around 900) and therefore she should not have trouble getting another loan as for banks and financial intuitions Jessica is creditworthy.