contestada

Which of the following factors will have the greatest impact on your credit score? I. Length of Credit History II. Payment History III. Amounts Owed IV. Types of Credit Used
A. I & II
B. II & III
C. I & III
D. II & IV

Respuesta :

W0lf93
the one that would have the greatest impact on my credit score would be : B. II and III If you had a troublesome payment history, it would be very likely that you'll end up with credit score because you make yourself became untrustworthy and if you have a low Debt, people will trust your current financial condition and you will be more likely to earn high credit score

Answer:

The largest impact on your credit card is for your payment history and your amount of debt.

Further Explanation:

Credit card: It is a plastic card issued by the banks or financial companies to borrow money that can be used in purchasing goods and services.

The capacity to repay the loan is calculated by credit card score. There are mainly five scores that to check your credit score are as below:

  • Your Bill Payment History
  • Your Level of Debt Matters
  • Your Credit History Age
  • Types of Credit
  • Number of Credit Inquiries

The other factors that do not affect your credit score are as below:

  • Your income
  • Your bank balances
  • Your employment status
  • Your age
  • Your marriage status

Learn more:

1. A company that allows you to license software monthly to use online is an example of ? brainly.com/question/10410011

2. Prediction accuracy of a neural network depends on _______________ and ______________. brainly.com/question/10599832  

3. The shape of our galaxy was determined ‘on the inside looking out' by surveying the milky way using ____________ telescopes. brainly.com/question/7866623  

4. List 3 characteristics of the ideal encryption scheme. brainly.com/question/3000161

Answer details:

Grade: Senior Secondary School

Subject: Accounts

Chapter: Credit card

Keyword:

Credit card, debit card, banks, financial companies. Length of credit history, payment history, amount owed, types of credit used