Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

If you have bad credit, you will pay less interest on your loans. True or false?

A. True
B. False

Sagot :

GinnyAnswer

Final answer:

Having bad credit does not result in paying less interest on loans; in fact, it can lead to paying more.


Explanation:

False. If you have bad credit, lenders may see you as a higher risk borrower. As a result, they may charge you more interest on loans to compensate for the increased risk of default. This is because having bad credit can lead lenders to believe you are more likely to miss payments or default on the loan.


Learn more about Credit and interest rates here:

https://brainly.com/question/16066495


Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.