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emmainna [20.7K]
2 years ago
12

Jack bought a house and received a low interest rate because he had “good credit.” What is the meaning of “good credit”?

History
1 answer:
ruslelena [56]2 years ago
7 0
<span>Good credit is an individual's </span>credit<span> history that indicates that the borrower is a safe </span>credit<span> risk. A high </span>credit<span> score is an indicator of </span>good credit<span>, while a low </span>credit<span> score indicates bad </span>credit<span>.</span>
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