Question

having a high debt-to-income ratio or defaulting on your loan can bring down your credit score. how can a low credit score on your credit report affect you?

Answer 1

A low credit score on your credit report can affect you as it will lead to higher interest rates.

What is a credit report?

It should be noted that a credit report is the record of the repayment history of a borrower.

In this case, a credit score on your credit report can affect you as it will lead to higher interest rates as well as fewer loan options.

Learn more about credit reports on:

brainly.com/question/9913263

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