Fabian was finding it difficult to acquire a credit card that would suit his needs. He checked his credit report to determine why he was facing these difficulties. What would have had a negative impact on Fabian's credit score and brought it down?

A.

paying bills on time

B.

paying mortgages installments on time

C.

not having any overdrafts

D.

irregular and missed loan payments

E.

purchasing multiple household items

D.

irregular and missed loan payments

Explanation:

Missing and missed loan payments cause one to have a poor credit score. A credit score is a numerical representation of an individual or institution's debt worthiness. A high credit shows that the individual is a trusted borrower.

A high credit score comes about if one has a history is repaying his or her obligation promptly. The individual does not skip on their regular installments repayment. Lending institutions use borrowing history to predict how a borrower is likely to behave if credit is advanced to them. A high credit score shows that the borrower is unlikely to default to his repayment.