Principle to Business

After your loan application is submitted, who decides if you get approved for the loan?
a. credit agency
b. credit bureau
d. collections agency
e. loan underwriter
I pick e.

  1. 0
  2. 10
asked by Jamye
  1. Correct!

    1. 0
    posted by Da Fash
  2. 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.

    1. 0
    posted by Jamye
  3. I disagree. Not e.

    1. 0
    posted by Ms. Sue
  4. c. it would lower the interest rates and decreases the cost of borrowing

    1. 0
    posted by Jamye
  5. Yes, c.

    1. 0
    posted by Ms. Sue

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