Of the following statements, which one or ones indicate possible effects of a low credit score?I. You will have a difficult time qualifying for loans.II. Any loans you take out will be relatively short-term.III. You will have to pay higher than average interest rates.

A low credit score can make lenders less willing to approve your loan, so you may have a difficult time qualifying. If a lender does approve you, it may charge a higher-than-average interest rate to account for the added risk. A low score does not necessarily mean that loans will be short-term, so statements I and III are the possible effects.

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