Answer:
The largest impact on your credit card is for <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:
- Your Bill Payment History
- Your Level of Debt Matters
- Your Credit History Age
- Types of Credit
- Number of Credit Inquiries
The other factors that do not affect your credit score are as below:
- Your income
- Your bank balances
- Your employment status
- Your age
- 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: Accounts
Chapter: Credit card
Keyword:
Credit card, debit card, banks, financial companies. Length of credit history, payment history, amount owed, types of credit used
