The possible effects of a low credit score include:
I. You will have a difficult time qualifying for loans.
III. You will have to pay higher than average interest rates.
These effects can have significant financial implications. When you have a low credit score, it signals to lenders that you may be a higher risk borrower. As a result:
1. You will have a difficult time qualifying for loans: Lenders may be hesitant to approve your loan applications or may offer you less favorable terms due to the increased risk associated with a low credit score.
3. You will have to pay higher than average interest rates: Lenders may charge you higher interest rates to compensate for the increased risk they are taking by lending to someone with a low credit score.
In this case, the correct answer would be:
d. I and III