How is your borrowing power affected when you are considered a "high risk"?There is a good chance that you will receive better loan terms and low interest rates.O You might not qualify for a loan to buy a home, car, etc.O You will pay lower interest rates.O None of the above.

A credit score evaluates a person's creditworthiness, or ability to repay debt. It is commonly…

Answered: How is your borrowing power affected…

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter8: Subprime Lending Fiasco-ethics Issues

Section: Chapter Questions

Problem 6.1EC

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How is your borrowing power affected when you are considered a "high risk"? O There is a good chance that you will receive better loan terms and low interest rates. O You might not qualify for a loan to buy a home, car, etc. O You will pay lower interest rates. O None of the above.