Which of the following could be a consequence of not managing an individual’s credit effectively?

Choosing higher interest rates as a consequence of not managing credit effectively is correct because credit management directly impacts an individual's credit score. When credit is not managed well—such as by missing payments, accumulating high credit card balances, or defaulting on loans—lenders view the individual as a higher risk. As a result, they tend to offer loans or credit options at higher interest rates to compensate for that risk.

In contrast, the other options portray outcomes typically associated with positive credit management. Access to more credit opportunities usually signifies good credit history and a responsible approach to borrowing. Increased financial security comes from managing credit well, allowing individuals to make informed and responsible financial decisions. Similarly, lower debt levels are generally a result of effective credit management and financial planning, indicating a healthy financial state rather than a consequence of ineffectively managed credit.