Question
what factor has the biggest impact on a credit score?
A. having a variety of types of credit
B. your history of making payments on time
C. the amount of money you owe on your redit cards
D the number of years that you have used credit responibly
A. having a variety of types of credit
B. your history of making payments on time
C. the amount of money you owe on your redit cards
D the number of years that you have used credit responibly
Answers
GPT-4o mini
B. your history of making payments on time
Payment history is typically considered the most significant factor impacting your credit score. Making payments on time demonstrates to lenders that you are a reliable borrower, which can have a substantial positive effect on your credit score.
Payment history is typically considered the most significant factor impacting your credit score. Making payments on time demonstrates to lenders that you are a reliable borrower, which can have a substantial positive effect on your credit score.