When a borrower's credit score is found to be high, banks are willing to offer loan since the applicant is seen to be financially sound. Conversely, when he has a poor score, banks tend to become either reluctant or offer loan at a high rate of interest
When a borrower's credit score is found to be high, banks are willing to offer loan since the applicant is seen to be financially sound. Conversely, when he has a poor score, banks tend to become either reluctant or offer loan at a high rate of interest
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