Maria Ivanka has owned a successful closing boutique chain for 20 years. She has gone into debt several times to expand her business. Each time she paid off the debt in full sooner than expected.
Use this scenario to answer the following question
How will Maria’s record affect the loans she offered?
A She will be offered longer terms
B She will be offered shorter terms
C She will be offered lower interest rates
D She will be offered higher interest rates
C She will be offered lower interest rates
Maria's record of paying off her debts in full sooner than expected shows that she is a responsible borrower and has good financial management skills. This reduces the risk for the lenders, so they are more likely to offer her lower interest rates on future loans.