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4 July, 10:08

TRUE or FALSE: A credit card company can't charge you a higher interest rate just because you're a college student and have no credit history.

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  1. 4 July, 10:20
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    Answer: False

    Explanation:

    Even if you have a reliable income but you have no credit history, you will be seen as a something of a risk because you don't yet have a track record.

    Therefore a credit card company will charge higher interest rate due to the potential risk because of lack of track record.
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