Question

Which of the following data is used to determine credit scores? A. who stays with you at your current residence B. the location of your current residence C. the length of stay at your current residence

Answer 1

Answer:

The length of stay at your current residence is used to determine credit scores. On most credit applications and applications in general, this question is asked to help the lender look up information about your history of payments. When a lender asks this question they are able to determine how long you typically stay in one place, and look up bills at that residence to make sure they are paid on time before giving out a loan. They can also use this information to determine a credit score based on what is being paid on time, late or not at all.

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Step-by-step explanation:

Answer 2

C. The length of stay at your current residence.