Answered

What are some ways that Lacey's credit report is valuable to her? Select true or false for each
statement.
Her credit report can help her get
a lower interest rate on a loan to
start an online business.
True
False
Her credit report can show a cell
phone company that she makes
her payments on time.
О
She may get better rates for
renting a car if she has a good
credit report.
O

Verified Answer :

GinnyAnswer

Final answer:

Lacey's credit report is valuable as it can help her secure a lower loan interest rate, show timely payment habits to companies, and potentially lead to better car rental rates.


Explanation:

True: Lacey's credit report can indeed help her get a lower interest rate on a loan to start an online business as it demonstrates her creditworthiness to lenders.

True: Her credit report can also show a cell phone company that she makes her payments on time, indicating financial responsibility.

True: Having a good credit report may lead to better rates for renting a car, as it reflects her ability to manage financial commitments.


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