asked 148k views
0 votes
A borrower with bad credit is likely to be charged....

a low interest rate.

a high interest rate.

no interest rate.

higher property taxes.

asked
User Epaga
by
7.8k points

2 Answers

1 vote
High interest rate, because the bank has the opportunity to make more money on them if they can't pay their bills.
answered
User Rottingham
by
7.9k points
3 votes

The answer is: A. high interest rate

Borrower with bad credit score is much more likely to not return the money that they borrow. This mean that giving loan to such people is a huge risk for the credit providers. To cover the risk of not getting their money back, credit providers usually give a high interest rate to borrowers with bad credit scores.

answered
User AruniRC
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.