If You Have a Poor Credit Score, There May Be

question 108

True/False

If you have a poor credit score, there may be other lenders willing to loan you money but at a higher interest rate.

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Definitions:

Universal Banks

Financial institutions that offer a wide variety of banking services, including both commercial and investment services.

TARP Funds

Stands for Troubled Asset Relief Program, a program of the U.S. government to purchase toxic assets and equity from financial institutions to strengthen its financial sector during the 2008 financial crisis.

U.S. Treasury

The department of the federal government responsible for managing government revenue, issuing currency, administering public debt, and overseeing fiscal policy.

Mid-2010

A reference to the middle part of the year 2010, often used in economic and demographic analyses.