Principle to Business

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. 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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