Identify benefits of a good credit score. Select all that apply. O better job opportunities O lower car insurance rates O inability to rent an apartment O higher interest rates on a car loan O ability to obtain a cell phone service plan
Identify benefits of a good credit score. Select all that apply. O better job opportunities O lower car insurance rates O inability to rent an apartment O higher interest rates on a car loan O ability to obtain a cell phone service plan
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:O https://sfdr.owschools.com/owsoo/studentAssignment/index?eh=65534403
Assignment - 1. Credit Scores and Loans
SECTION 2 OF 4
QU
ASSIGNMENTS
COURSES
Attempt 1 of 1
1
4
y 5
6.
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Identify benefits of a good credit score. Select all that apply.
O better job opportunities
O lower car insurance rates
O inability to rent an apartment
O higher interest rates on a car loan
O ability to obtain a cell phone service plan
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Introduction
A credit score is a measurement that lenders use to understand if a consumer is reliable or risky. This score helps them understand how likely they are to get their money (the money they loaned out) paid back.
People with strong credit ratings get access to better financial opportunities throughout their lifetime. For example, they can access low-interest loans (like online mortgages) and high-rewards credit cards more easily. These perks have the ability to save thousands of dollars (if not more) over a person's lifetime.
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