Ask Question
BusinessBusiness
Today, 05:09

Why does amount of debt or money owed have as much weight as credit history in determining a person's credit score?

+1
Answers (1)
  1. Today, 06:23
    0
    Your debt to income ratio determines how likely you are able to make your payments. When a high percentage of your available credit is been used, this can indicate that your money is overextended, and you may be more likely to make late and or missed payments.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why does amount of debt or money owed have as much weight as credit history in determining a person's credit score? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Theodor is researching computer programming. He thinks that this career has a great employment outlook, so he'd like to learn if it's a career in which he would excel.
Answers (1)
At the end of 2018, the federal government debt of the U. S. stood at 104% of GDP. Imagine that, unlike in previous years, from 2019 on the federal government runs a balanced primary budget, i. e.
Answers (1)
A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm. As a results of this transaction, the capital account balance of the other partners in the partnership a.
Answers (2)
How can competition in a scarce labor market affect wages?
Answers (1)
Current Attempt in Progress Swifty Corporation produces three versions of baseball bats: wood, aluminum, and hard rubber.
Answers (1)
New Questions in Business
Analyzing and Interpreting the Inventory Turnover Ratio Dell Inc. is the leading manufacturer of personal computers.
Answers (1)
5. Calculating tax incidence Suppose that the U. S. government decides to charge beer producers a tax. Before the tax, 10 billion cases of beer were sold every year at a price of $4 per case.
Answers (1)
Read the sentence. Sandy wants a new bed but does not want to pay for it right away. Which is her best option? a debit card a gift card a paper check a credit card
Answers (1)
Your best friend is the valedictorian and has been asked to give a speech at the graduation ceremony. Which method of delivery is most appropriate for the occasion? A extemporaneous B impromptu C manuscript D memorized
Answers (2)
What do people supply in return for factor payments? A. Innovation, profit, or goods B. Land, labor, or capital C. Services, goods, or traditions D. Innovation, labor, or trade
Answers (2)
Home » Business » Why does amount of debt or money owed have as much weight as credit history in determining a person's credit score?
Sign Up Forgot Password?