Patrick guitman recently graduated from college with $20,000 in student loans and $5,000 in credit card debt. he usually makes minimum payments on his debt and he has been late with three payments in the last year. he wants to buy a new car but was told that his interest rate on a loan would be very high. what is the most likely reason this might be so? a. general interest rates are very lowb. his credit rating is poor because of his late paymentsc. he already has a student loan outstandingd. recent graduates are not allowed to have more than $25,000 in debt outstanding e. interest rates must be tied to the cpi

The answer is: B) His credit rating is poor because of his late payments

Explanation:

To have a good credit rating is extremely important for anyone trying to get a loan. Borrowers with good credit rating usually get lower interest rates and larger amounts. It is very important to pay your debt on time, or else your credit rating will suffer. If a person has a bad credit rating, banks will charge them higher interest rate and loan them smaller amounts of money. If your credit rating is too low, the bank might even reject your loan application.

an important city to the south and the region's capital is c. kiev

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.