Ask Question
11 December, 12:13

your credit score is based on various aspects of your financial situation which of the following is not a factor that contributes to your credit score? A. Payment history B. Length of credit history C. Marital status D. Debt ratio

+2
Answers (1)
  1. 11 December, 13:03
    0
    C

    Step-by-step explanation:

    Credit Score is a numerical expression which analyzes a person's credit level by looking at this financial conditions. Will he/she be worthy of loan or not.

    payment history comprises 35% of a person's credit score. This is a huge factor. If you consistently make your payments on time, your credit score increases.

    length of credit history tells how secure you will be to lenders. Usually 7 years + is a great length of credit history. This pretty much affects credit score.

    marital status doesn't affect credit score. Lenders assess a person based on their financial condition and past activity, NOT whether or not he/she is married or not. That's personal agenda.

    debt ratio is the ratio of total debt to total assets. If this is high, it means a person owes money to banks/individuals and is more likely to be not given credit. It affects credit score highly.

    THus, the correct answer is C
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “your credit score is based on various aspects of your financial situation which of the following is not a factor that contributes to your ...” in 📘 Mathematics 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