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Answered

Test-Unit 2: Using Consumer Credit
12
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Select the correct answer.
Kareem recently learned that he has a good credit score and is planning to apply for a loan. What could negatively affect Kareem's credit score?
O A. missing a payment
O B.
not providing a down payment
OC. providing collateral
OD. tracking payments using an amortization table
O E.
using a cosigner



Answer :

GinnyAnswer

Final answer:

Missing a payment and using a cosigner or providing collateral can impact Kareem's credit score.


Explanation:

Missing a payment can negatively affect Kareem's credit score as timely payments are crucial for maintaining a good credit history. Additionally, using a cosigner or providing collateral are methods that lenders may use to reduce risk when lending money.


Learn more about credit scores and borrowing here:

https://brainly.com/question/29220404


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