QuestionMay 29, 2025

True or False: A high credit score means you'll pay the highest possible interest rate on a loan. True False

True or False: A high credit score means you'll pay the highest possible interest rate on a loan. True False
True or False: A high credit score means you'll pay the highest possible interest rate on a loan.
True
False

Solution
4.3(174 votes)

Answer

False Explanation 1. Define Credit Score Impact A high credit score typically indicates lower risk to lenders, leading to lower interest rates on loans. 2. Determine Interest Rate Relationship High credit scores usually result in more favorable loan terms, including lower interest rates.

Explanation

1. Define Credit Score Impact<br /> A high credit score typically indicates lower risk to lenders, leading to lower interest rates on loans.<br />2. Determine Interest Rate Relationship<br /> High credit scores usually result in more favorable loan terms, including lower interest rates.
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