If a borrower has a high FICO score, then there is:
A)a minimal chance of his or her loan getting approved.
B)no chance of his or her loan getting approved.
C)a high chance of his or her loan getting approved.
D)a high chance of more collateral requirements for his or her loan.
E)a high chance that a higher interest rate will be charged.

Question

Quizplus · Accepted Answer

A high FICO score indicates good creditworthiness, which typically results in a higher likelihood of loan approval.

If a Borrower Has a High FICO Score, Then There