Question
QUESTION 10 / 10
What factor has the biggest impact on a credit score?
A. The amount of money you owe on your credit
B. Having a variety of types of credit.
cards.
D. The number of years that you have used
C. Your history of making payments on time.
credit responsibly.
What factor has the biggest impact on a credit score?
A. The amount of money you owe on your credit
B. Having a variety of types of credit.
cards.
D. The number of years that you have used
C. Your history of making payments on time.
credit responsibly.
Answers
Answered by
GPT-4o mini
The factor that has the biggest impact on a credit score is:
C. Your history of making payments on time.
Payment history is typically the most significant component of a credit score, accounting for a large percentage of the overall score calculation. Making timely payments demonstrates to creditors that you are responsible with your credit obligations.
C. Your history of making payments on time.
Payment history is typically the most significant component of a credit score, accounting for a large percentage of the overall score calculation. Making timely payments demonstrates to creditors that you are responsible with your credit obligations.
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