Why is your credit score important? Select all that apply.
(1 point)
Responses
Banks use it to determine whether you qualify for a loan.
Banks use it to determine whether you qualify for a loan.
It can affect your interest rate.
It can affect your interest rate.
It eliminates interest and fees from your loans.
It eliminates interest and fees from your loans.
It insures your money in case your bank fails.
It eliminates interest and fees from your loans. - Incorrect
It insures your money in case your bank fails. - Incorrect
The correct answers are:
- Banks use it to determine whether you qualify for a loan.
- It can affect your interest rate.