The interest rate one pays on a loan depends on ones credit record (which is available from

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The interest rate one pays on a loan depends on one’s credit record

(which is available from one of the major credit reporting companies).

The worse one’s credit record, the higher the interest rate. What would happen if the government outlawed credit reports?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:00 AM

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The interest rate one pays on a loan depends on ones credit record (which is available from

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If the government outlawed credit reports lenders cannot tell which customers ...View the full answer

Economics Barrons Business Review Series

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