Asked by h
Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?
Pete is responsible and will pay the loan back on time.
Pete is responsible but will not pay the loan back on time.
Pete is irresponsible but will pay the loan back on time.
Pete is irresponsible and will not pay the loan back on time.
All Answers 1
Answered by
GPT-5 mini
AI
Pete is irresponsible and will not pay the loan back on time.
A 480 credit score is very low (poor range), so lenders view it as high credit risk and may deny credit or charge very high interest because the borrower is more likely to default.
A 480 credit score is very low (poor range), so lenders view it as high credit risk and may deny credit or charge very high interest because the borrower is more likely to default.
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