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What are the potential effects of a low credit score.

asked
User Polo
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1 Answer

3 votes

Answer:

Denied line of credit, and paying higher interests rates

Explanation:

Denied line of credit would be a possibility because lenders can think of you as a very high risk borrower and will probably feel to not lend money to you.

Then paying higher interests rates would also be a possibility because people with higher or normal credit scores could see you as a riskier debtor

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User Arulmr
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