Pete is trying to get a loan. He has a credit score of 480.

Question:

Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?

A. Pete is responsible and will pay the loan back on time.

B. Pete is responsible but will not pay the loan back on time.

C. Pete is irresponsible but will pay the loan back on time.

D. Pete is irresponsible and will not pay the loan back on time.

Answer:

D. Pete is irresponsible and will not pay the loan back on time.