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22 January, 02:42

In what way do consumers benefit from being low-risk borrowers?

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  1. 22 January, 06:30
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    One risk of lenders is not being repaid. The greater the chance that you wont be paid, the higher interest you will charge as compensation for taking the risk. Loan also involves little risk, you will be wiling to accept lower interest rate. That is the reason why federal government can borrow at lower rates than private parties.
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