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QuizMultiple Choice

Managing Credit and Debit — Test

Question 1 • Personal Finance

A credit score between 500 and 600 means a consumer would most likely

Answer
A
get a loan with low interest.
B
find it hard to get a loan.
C
get a loan with low payments.
D
find it easy to get a loan.

Explanation

A credit score between 500 and 600 is generally considered low. Lenders may view borrowers in this range as higher risk, so they are more likely to deny a loan or require stricter terms. Therefore, the consumer would most likely find it hard to get a loan.

AI-written and checked against the verified answer.

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