Question

The chart shows a range of credit scores.

A bar chart titled Sample Credit Score Range has Rating on the x-axis, and credit score on the y-axis, from 0 to 800 in increments of 100. A poor credit score is 500, a weak score is 600, an average score is 700, a good score is 730, a very good score is 750, and an excellent score is 800.

A credit score between 500 and 600 means a consumer would most likely

find it easy to get a loan.
find it hard to get a loan.
get a loan with low payments.
get a loan with low interest.

Answer 1

find it hard to get a loan.

Step-by-step explanation:

According to the bar chart, a credit rating of between 500 and 600 lies within a bad and poor credit score. A bad or poor credit score indicates the irresponsible use of credit facilities and bad credit history. It tells that the individual has a history of missing out on loan installments, late payments, or defaulting on loans.

A bad or poor credit rating implies that a customer is highly likely to default on loan repayment. Due to this reason, lenders judge them to be high-risk customers and are likely to deny them credit facilities.