Question

Jack has been very unreliable making loan payments in the past. He has been late on many payments, and completely missed several others. He can expect to now have a

high credit score and no trouble getting another loan
high credit score but difficulty arranging more loans
low credit score and difficulty getting another loan
low credit score but no difficulty getting more loans

Answer 1

Jack can expect to have a low credit score and difficulty getting another loan.

Answer 2

C: low credit score and difficulty getting another loan.

Step-by-step explanation:

A loan is an amount of money borrowed, usually from a bank, with the promise to be paid back within a period, with fixed repayments, on a specific day of every month. It's like a contract, each part has responsabilities, and the person that borrows has to make their monthly repayments on time. This will guaratee their reputation that the creditors can trust them for future loans.