Business High School

What does a good credit history do for consumers?
A. It helps them reduce their housing costs.
B. It allows them to get debit cards,
C. It makes it easier for them to get loans.
D. It keeps prices low.
SUBMIT

Answers

Answer 1

Answer:

C. It makes it easier for them to get loans.

Explanation:

Credit history shows how reliable a borrower is in repaying loans. A good credit history indicates that a person pays their debts on time.  A customer with a good credit history manages their income and debts properly and is considered a low-risk borrower.

Lenders are always willing to offer credit facilities to customers with a good credit history. They view them as less likely to default on their debts.

Related Questions

difference between Planned and unplanned urbanization​

Answers

Answer:

Planned urbanization helps create value, sustainable growth, productivity, and contributes to economies of scale to create prosperity for all urban dwellers. With around 3 billion more people expected to live in urban areas by 2050, it is more critical than ever that we plan and manage our cities well

Explanation:

Unplanned urbanization means to develop town or area without planning infrastructure which is unhygienic and unhealthy for the settlement.

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