What is a potential consequence of a poor credit history?

A poor credit history typically leads to higher insurance premiums because insurers often consider an individual's creditworthiness as a factor in determining risk. People with poor credit histories may be perceived as higher-risk clients, resulting in their insurance rates being adjusted upwards. This reflects the insurer's need to account for potential losses based on the financial responsibility indicated by the credit history.

The other options do not align with the typical consequences of a poor credit history. Lower utility bills are not directly linked to credit history, as utility providers may not offer discounts based on credit scores. Increased job offers can be influenced by various factors, but generally, poor credit may hinder opportunities in employment situations where credit checks are utilized. Guaranteeing loan approval is unlikely with a poor credit history, as lenders are typically more cautious and may reject applications from individuals with low creditworthiness.