Asked by Jamye

After your loan application is submitted, who decides if you get approved for the loan?
a. credit agency
b. credit bureau
c. FICO
d. collections agency
e. loan underwriter
I pick e.
Answered by Da Fash
Correct!
Answered by Jamye
People with a higher credit score typically pay _________ interest rates when borrowing money which _________ the cost of borrowing.
a. lower, increases
b. higher, increases,
c. lower, decreases
d. higher decreases
e. lower, doesn't effect
I pick e.
Answered by Ms. Sue
I disagree. Not e.

Answered by Jamye
c. it would lower the interest rates and decreases the cost of borrowing
Answered by Ms. Sue
Yes, c.
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