Respuesta :
Answer:
Explanation:
A at first for sure and if the said person tries to borrow again and has income it will be a NO or d.
As per the given statement one major consequence if a person is consistently late making payments on borrowed money is Having a lower credit score
What is Credit Score?
A rating of a person's creditworthiness. Credit scoring entails the measurement of a number of background elements, such as default history, current debt levels, and the period of time that a person has used credit for transactions. A person's credit score can be used by banks and other financial institutions to assess their likelihood of defaulting on a loan, mortgage, or other debt. The most popular credit score in the US is the FICO score.
What is Lower Credit Score?
Finding a lender willing to provide someone a loan is difficult for them because having a poor credit score is a sign that they have a low payback capacity. Low credit score or no credit score persons can be saved by a bad credit loan.
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