Principle to Business
posted by Jamye
After your loan application is submitted, who decides if you get approved for the loan?
a. credit agency
b. credit bureau
c. FICO
d. collections agency
e. loan underwriter
I pick e.

Da Fash
Correct!

Jamye
People with a higher credit score typically pay _________ interest rates when borrowing money which _________ the cost of borrowing.
a. lower, increases
b. higher, increases,
c. lower, decreases
d. higher decreases
e. lower, doesn't effect
I pick e. 
Ms. Sue
I disagree. Not e.

Jamye
c. it would lower the interest rates and decreases the cost of borrowing

Ms. Sue
Yes, c.
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hello,,, We offer a variety of loans to individuals (personal loan) and cooperate bodies at an interest rate of 3% per annul.This is to help you meet your financial obligations, especially with the ongoing global financial crisis. …