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Some Borrowers with Low Credit Scores Have Difficulty Finding Any

Question 7

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Some borrowers with low credit scores have difficulty finding any lenders willing to make loans to them.These people typically have seriously flawed credit histories that may include failure to make payments on credit cards or on car loans or they may have declared personal bankruptcy in the recent past.These borrowers are often referred to as


A) payday borrowers.
B) default-risk intermediaries.
C) subprime borrowers.
D) bankrupt customers.

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