To determine who can negotiate the lowest interest rate among Dora, Tola, and Andy, we need to compare their credit scores. Credit scores are a numerical representation of an individual's creditworthiness, and generally, the higher the credit score, the lower the interest rate they can negotiate on a loan.
Given the credit scores:
- Dora: 720
- Tola: 590
- Andy: 660
Here are the steps to determine who can negotiate the lowest interest rate:
1. Understand Credit Score Impact: Higher credit scores usually correlate with lower risk for lenders, allowing them to offer lower interest rates to individuals with higher credit scores.
2. Compare Credit Scores:
- Dora's credit score is 720.
- Tola's credit score is 590.
- Andy's credit score is 660.
3. Identify the Highest Credit Score:
- Among the three, Dora has the highest credit score of 720.
- Andy has the next highest credit score of 660.
- Tola has the lowest credit score of 590.
4. Determine Negotiation Potential: Given that a higher credit score often means a borrower is considered lower risk by lenders, Dora, with the highest credit score of 720, has the best chance to negotiate the lowest interest rate for a loan.
Therefore, Dora can negotiate the lowest interest rate.
