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.

1. Da Fash

Correct!

2. 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.

3. Ms. Sue

I disagree. Not e.

4. Jamye

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

5. Ms. Sue

Yes, c.

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