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Interest is higher for business owners who have a bad credit record, meaning they have been late on payments or defaulted on loans before. Why do you think this is?

User Daliana
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2 Answers

5 votes

Answer:

Its because the business owner doesn’t pay on time so their rates would be higher to prevent this.

Step-by-step explanation:

User Velina
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3 votes
It's because the business owners don't pay on time, so their rates would be higher to prevent this
User Dan Champagne
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8.0k points
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