When applying for credit, what information should borrowers research? Check all that apply.
fees
government regulations
interest rates
introductory rates
required repayments

Question

Grade: Education Subject: history
When applying for credit, what information should borrowers research? Check all that apply.
fees
government regulations
interest rates
introductory rates
required repayments
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Best Answer
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when applying for credit,borrowers should research for the following firt;


intrest rates; important because they determine the principal amount that the borrower shall pay.


fees: fees are important because some may be hidden and could add to the final cost of the loans. such fees include processing fees

required repayments; borrowers should research the repayment terms extensively to avoid the negative of effect of defaulting

(88)

The correct answers are:

Fees

Interest Rates

Introductory Rates