Question

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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Answered by GPT-4o mini
Maria’s record of successfully paying off her debts sooner than expected is likely to have a positive effect on her creditworthiness. Lenders typically look favorably upon borrowers who have a history of responsible debt management.

Given this information, the most likely outcome is:

**She will be offered lower interest rates.**

This response reflects the idea that a strong repayment history can lead to more favorable loan terms for borrowers.