Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very high interest rate. Why do y

Question

4 years ago

5

Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very high interest rate. Why do y

ou think the bank is charging her a high interest rate? A. low amount of credit left B. good payment history C. bad payment history D. high number of bank accounts

English

2 answers:

Delvig [45] · Answer 1 · 2022-01-17T17:07:18+03:00

Delvig [45]4 years ago

6 0

Answer:

C

Explanation:

If you put a high interest, and you know she is more likely to not pay for a while, than you would try to profit most of them.

Studentka2010 [4] · Answer 2 · 2022-01-17T15:24:15+03:00

Studentka2010 [4]4 years ago

4 0

Answer:

She might have a bad payment history.

Explanation:

She must have payed back her loans late, so they charged made the interest at a very high rate.

Hope this helps....

Have a nice day!!!!