Question

this year, mr. thomas has a higher credit score than he did last year. which of the following should mr. thomas expect with the improved score? check all that apply.
□ a more difficult time borrowing money to buy a house
□ an easier time getting a car loan
□ an easier time renting an apartment
□ a denial when opening a bank account
□ higher interest rates on credit cards

Explanation:

A higher credit score indicates a borrower is more reliable. Lenders and landlords view higher credit scores favorably. For a car loan, lenders are more willing to approve as the risk of default is lower. For renting an apartment, landlords prefer tenants with good credit as it implies financial responsibility, making it easier to get approved. A higher credit score would make borrowing for a house easier (not more difficult), opening a bank account is not typically denied due to good credit, and higher credit scores lead to lower (not higher) interest rates as the borrower is less risky.

Answer:

B. an easier time getting a car loan
C. an easier time renting an apartment