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.
5 answers
Correct!
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.
a. lower, increases
b. higher, increases,
c. lower, decreases
d. higher decreases
e. lower, doesn't effect
I pick e.
I disagree. Not e.
c. it would lower the interest rates and decreases the cost of borrowing
Yes, c.
2 answers