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3 votes
The lower an applicant's credit score, the lower the risk to the lender.

True

False

User Laertiades
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1 Answer

4 votes

Answer:

Higher interest rates: Because lenders see those with bad credit as a higher risk, they'll charge interest rates accordingly. Having a poor credit score will result in a higher interest rate on your home mortgage, for example, which can cost you tens of thousands of dollars over the life of the loan.

User Naveen Dew
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