why is your credit score important? select all that apply. (1 point) banks use it to determine whether you…
why is your credit score important? select all that apply. (1 point) banks use it to determine whether you qualify for a loan. it can affect your interest rate. it eliminates interest and fees from your loans. it insures your money in case your bank fails.
Answer
Brief Explanations:
Banks assess loan - worthiness using credit scores. A higher score can lead to a lower interest rate. Credit scores don't eliminate loan interest/fees or insure money in case of bank failure.
Answer:
Banks use it to determine whether you qualify for a loan. It can affect your interest rate.