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

she will be offered longer terms

she will be offered shorter terms

she will be offered lower interest rates

she will be offerd higher interest rates

Answer 1

Based on Maria Ivanov's history of going into debt and successfully paying off her loans in full sooner than expected, it is likely that her strong track record of debt repayment will positively influence her loan offers.

Lenders generally view borrowers who have a history of timely payments and responsible debt management as lower risk. As a result, they may offer her:

She will be offered lower interest rates.

This is because her demonstrated ability to manage and repay debt promptly indicates to lenders that she is a reliable borrower.