Respuesta :
Answer
Your payment history and your amount of debt has the largest impact on your credit score.
Explanation
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. Lenders or those who makes funds available with the expectation that the funds will be repaid, plus any interest uses credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits.Your payment history is one piece of information used in calculating your FICO Scores.
Answer:
The correct options are option (ii) and option (iii) which are 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
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Answer details:
Grade: Senior Secondary School
Subject: Business Study
Chapter: Banking System
Keyword:
Credit card, debit card, banks, financial companies. Length of credit history, payment history, amount owed, types of credit used
