1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tasya [4]
3 years ago
15

Which of the following is true of a person with a high credit score?

Business
2 answers:
dsp733 years ago
5 0
Your credit score is used as indicator of your creditworthiness. This means how likely you are to pay off debts and other financial obligations. A person with a high credit score should have a high credit worthiness, or likelihood to be responsible with credit.

A person who pays bills on time has demonstrated that she takes her financial obligations seriously, and this trait positively affects her credit score. The answer is A. 

B and C would most likely be associated with a person with a low credit score, since they demonstrate lower creditworthiness. 
Tomtit [17]3 years ago
3 0

It is true that a person with a high credit score is t<u>he person who is more likely to pay bills on time. </u>

What is a High Credit Score

Based from the credit bureaus,  scores over 650 is considered a “good” credit score. This scores is calculated using a scoring models provided by certain companies specializing in data analytics.  Some lenders also have their own models. The range of this scoring models are from 300 to 850.  

Moreover, the highest possible credit score for certain companies is 850.

On the other side, for some company, the scores below 670 are considered in the fair and poor range. While for some score below 700 are considered in the fair and poor range.

What do Credit Scores Implicate?  

Credit scores are the three-digit numbers that tells how the scoring model break down a person’s credit scores. This number is calculated using the information of a person in their credit report at a credit bureau. Each bureau has its own system of filing and scoring. The file is the set of information that tells how a person used a credit or not.

This score and equivalent of this score tells the lenders and credit card issuers how good or bad a person pay off their loan or credit card. This score provides the risk data to a lender whether they will approved a loan from a certain person.

Learn more about

  1. Credit card brainly.com/question/7099651
  2. Loan brainly.com/question/7508563

Keywords: credit score, credit, loan  

You might be interested in
A firm that has the ability to control to some degree the price of the product it sells
Llana [10]
I believe the answer is Monopolist.
8 0
3 years ago
If revenue is $2000 and operating expenses are $6000, cash flow equals _____.
maksim [4K]

Answer:

-4000 hope this helps :)

7 0
3 years ago
The transition to an information economy was characterized by ______.
Viefleur [7K]
The transition to this new helpful worldwide economy really started coming to fruition back in the 1950s—a period in which the machines that drove the Industrial Age changed apparatuses for the new Information Age. 
The real move to a data based economy accentuated data dispersion and recovery and in addition transnational monetary collaboration. As a feature of this pattern, in the 1950s different broad communications businesses started showcasing music, motion pictures, TV projects, and PC programming on a worldwide level.
7 0
3 years ago
Which strategy is an effective way to manage risk? A. documenting and sharing risk management procedures B. renouncing changes i
Igoryamba

Answer:

A

Explanation:

5 0
3 years ago
Read 2 more answers
What does the owner of a miniature golf business provide her customers with?
N76 [4]

Answer:

golf clubs

Explanation:

4 0
3 years ago
Other questions:
  • A TAX ON PERFUME IS AN EXAMPLE OF AN. A. INCOME TAX. B. PROPERTY TAX. C.EXCISE TAX. D.STOCK TRANSFER TAX.
    7·1 answer
  • If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would b
    5·1 answer
  • External economies of scaleA.lead to the creation of a single large monopoly.B.cannot be associated with a perfectly competitive
    9·1 answer
  • Suppose the civilian non-institutionalized working age population is 35.9 million in Laborland.
    6·1 answer
  • g Which of the following are included when establishing advertising​ objectives? A. Tonality and advertising appeal B. Message a
    9·1 answer
  • Limited partnership investors are subject to which of the following risks?I Tax audit riskII Marketability riskIII Legislative r
    8·1 answer
  • Chevron identified their desired outputs and then worked backward by examining the supporting processes. They used a holistic ap
    12·1 answer
  • Assume that Solo Company commenced operations on January 1, 2006, and it was granted permission to use the same depreciation cal
    5·1 answer
  • If capital rents for $25 per unit per hour, labor can be hired for $9 per unit per hour, the level of total factor productivity
    15·1 answer
  • What is the most important thing that a venture capitalist is looking for in a company to invest in? discuss your response.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!