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
tino4ka555 [31]
3 years ago
9

Which of the following factors will have the greatest impact on your credit score? I. Length of Credit History II. Payment Histo

ry III. Amounts Owed IV. Types of Credit Used
Computers and Technology
2 answers:
dedylja [7]3 years ago
8 0

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.

Dvinal [7]3 years ago
5 0

Answer:

The correct options are option (ii) and option (iii) which are <u>your payment history</u> and <u>your amount of debt</u>.

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:

  1. Your Bill Payment History
  2. Your Level of Debt Matters
  3. Your Credit History Age
  4. Types of Credit
  5. Number of Credit Inquiries

The other factors that do not affect your credit score are as below:

  1. Your income
  2. Your bank balances
  3. Your employment status
  4. Your age
  5. Your marriage status

Learn more:

1. A company that allows you to license software monthly to use online is an example of ? brainly.com/question/10410011

2. Prediction accuracy of a neural network depends on _______________ and ______________. brainly.com/question/10599832  

3. The shape of our galaxy was determined ‘on the inside looking out' by surveying the milky way using ____________ telescopes. brainly.com/question/7866623  

4. List 3 characteristics of the ideal encryption scheme. brainly.com/question/3000161

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

You might be interested in
How many instructions can the microprocessor execute each second if the assembly line is present?
SpyIntel [72]

The instructions that he microprocessor can execute each second if the assembly line is present will be depending on the workload and the architecture’s core because it is all depending on the speed of the CPU and the multiplier that it acquires.

3 0
3 years ago
How has the shift to locally grown produce decreased greenhouse emissions?
Katen [24]

Answer:

How has the shift to locally grown produce decreased greenhouse emissions? 1 Large farms often create greenhouse emissions by poor farming practices. 2 Locally grown produce allows fewer dangerous toxins to seep into the soil and the atmosphere.

3 0
2 years ago
NAT ________. allows a firm to have more internal IP addresses provides some security both allows a firm to have more internal I
algol13

Answer:

NAT provides some security but allows a firm to have more internal IP addresses

Explanation:

NAT ( network address translation) this is a process where a  network system usually a firewall  assigns a public IP address to an internal computer used in a private network. it limits the number of public IP address a company operating a private network for its computer can have and this is very economical also limits the exposure of the company's private network of computers. the computers can access information within the private network using multiple IP addresses but it is safer to access external information using one public IP address

5 0
2 years ago
A file type that allows a document to be read on most computers is a _____.
Travka [436]
Txt

Note, only Windows really cares about the file extension. OSX's Finder will use it if Finder can't find a creator in the file metadata to select an app when double clicking on it. Linux and Unix don't care.
7 0
3 years ago
Suppose you have the following declaration.int[] beta = new int[50];Which of the following is a valid element of beta.(i) beta[0
kompoz [17]

Answer:

The answer is "Option (i)".

Explanation:

  • In the given question, an array is defined. It is a collection of the same type of data element, which means, array stores either a numeric value or string value at a time.  
  • An array beta is defined, which contains 50 elements. The array elements indexing always starts with 0 which means, the first element of the array will be stored in an index value that is 0. That's why option (i) is correct.
8 0
3 years ago
Other questions:
  • Consider the following method:
    8·2 answers
  • An installed theme can be applied by clicking on a theme in the themes group on the ____ tab.
    7·2 answers
  • To insert text from a separate file into your Word document
    10·1 answer
  • Python3
    7·1 answer
  • Which of the following statements accurately describes linked data?
    5·1 answer
  • In java
    6·1 answer
  • Define Based Assessment ​
    5·1 answer
  • Explain in detail, how the Depth Wavelet Transform (DWT) algorithm works, specifically with respect to EEGs (a non-invasive brai
    11·1 answer
  • What are two reasons to tie cables up and out of the way inside a computer case?
    9·1 answer
  • What is a simple definition for electricity?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!