Individuals with High FICO Scores Are Likely to Have to Pay

question 115

True/False

Individuals with high FICO scores are likely to have to pay higher interest rates,if they can get a loan at all.

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Definitions:

Doing Business

This term refers to engaging in any activity or actions that constitute the operations and responsibilities of a business entity.

Abuse of Discretion

A legal term indicating a failure to take into proper consideration, the facts and law relating to a particular matter; an arbitrary or unreasonable departure from precedent and settled judicial custom.

State Law

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Interstate Commerce

The buying, selling, or moving of products, services, or money across state lines, regulated by federal law.