Which types of information may creditors legally consider when determining someone's creditworthiness? Select all that apply

Question

age
bill-paying habits
gender
expenses and income
ethnicity or race

Answer 1

Creditors may legally consider the following types of information when determining someone's creditworthiness:

• Bill-paying habits
• Expenses and income

Age is considered in some cases, but it's not legally permissible for creditors to use it as a sole determinant of creditworthiness. On the other hand, gender and ethnicity or race are specifically prohibited from being considered due to fair lending laws that aim to prevent discrimination.