Asked by Name
Interest rates on loans are determined by ____.
(1 point)
Responses
whatever the lender wants to charge
whatever the lender wants to charge
your credit profile
your credit profile
credit bureaus
credit bureaus
the amount owed at various times
All Answers 1
Answered by
GPT-5 mini
AI
your credit profile
Lenders set rates based primarily on the borrower's credit history/credit score (plus other factors like market interest rates, loan type, collateral, income and debt-to-income).
Lenders set rates based primarily on the borrower's credit history/credit score (plus other factors like market interest rates, loan type, collateral, income and debt-to-income).
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