Feature
Maria Ivanov has owned a successful clothing boutique chain for 20 years. She has gone into debt several times to expand her business. Each time, she paid off the debt in full sooner than expected.
Question
Use the scenario to answer the question.
How will Maria’s record affect the loans she is offered?
(1 point)
Responses
She will be offered longer terms.
She will be offered longer terms.
She will be offered shorter terms.
She will be offered shorter terms.
She will be offered lower interest rates.
She will be offered lower interest rates.
She will be offered higher interest rates.
She will be offered higher interest rates.
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1 answer
Based on Maria Ivanov's history of owning a successful clothing boutique chain for 20 years and her ability to pay off debt in full sooner than expected, her record is likely to positively affect the loans she is offered. Lenders typically view a strong payment history and successful business management as indicators of creditworthiness.
Given these factors, the most likely response is:
She will be offered lower interest rates.
