Questions: A low credit score will have a negative impact on your finances because: - Using credit cards and loans will be more expensive - Prices you pay at stores will be higher - Interest rates on your credit cards and loans will be lower - You must make more monthly payments on your loans

The answer is: Using credit cards and loans will be more expensive.

A low credit score typically results in higher interest rates on credit cards and loans. Lenders view individuals with low credit scores as higher risk, so they charge higher interest rates to compensate for the increased risk. This makes borrowing more expensive.

This option is incorrect. A low credit score does not directly affect the prices of goods and services at stores. Prices are generally set by market conditions and are not influenced by an individual's credit score.

This option is incorrect. A low credit score usually leads to higher, not lower, interest rates on credit cards and loans, as lenders perceive a higher risk of default.

This option is misleading. A low credit score does not necessarily mean you will have to make more monthly payments. However, it could mean that the payments are higher due to increased interest rates, but the number of payments is typically determined by the loan term agreed upon.