Answer:D
Explanation:
high credit score means you have a good standing and are low risk of defaulting on the debt so you will incur low interest rates
The correct option is D. A high credit score will yield a low-interest rate which is the correlation between a high credit score and loan interest rates.
According to the CFPB, one element that may impact your interest rate is your credit score. Consumers with higher credit scores typically pay less in interest than those with lower credit ratings.
The primary factor in determining your credit score is your payment history, and even one late payment will lower your score. When you apply for new credit, lenders want to know that you will repay your debts in full and on time.
Your credit score, which assesses the risk you provide to a lender in terms of repaying what you owe, often determines the interest rate you're charged. Your chances of receiving a cheaper interest rate from a lender increase with your credit score, and vice versa.
The lender will be less likely to approve you for credit or will charge you more if they do, depending on how risky you seem to them. In other words, borrowing money will cost you more. Scores are between 300 to 850, roughly.
Learn more about Credit Scores here:
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