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A borrower with bad credit is likely to be charged....

a low interest rate.

a high interest rate.

no interest rate.

higher property taxes.

User Epaga
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2 Answers

1 vote
High interest rate, because the bank has the opportunity to make more money on them if they can't pay their bills.
User Rottingham
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The answer is: A. high interest rate

Borrower with bad credit score is much more likely to not return the money that they borrow. This mean that giving loan to such people is a huge risk for the credit providers. To cover the risk of not getting their money back, credit providers usually give a high interest rate to borrowers with bad credit scores.

User AruniRC
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