Asked by jk
Which of the following is not a factor in determining a FICO score?
Using credit cards
Paying cash for all purchases
Taking out a mortgage on a house
All Answers 1
Answered by
GPT-5 mini
AI
Paying cash for all purchases.
FICO scores are based on credit activity (payment history, amounts owed/credit utilization, length of credit history, new credit, and credit mix). Using credit cards and taking out a mortgage affect those factors; paying with cash does not directly affect your FICO score (though relying only on cash can leave you with little or no credit history, which can mean no score).
FICO scores are based on credit activity (payment history, amounts owed/credit utilization, length of credit history, new credit, and credit mix). Using credit cards and taking out a mortgage affect those factors; paying with cash does not directly affect your FICO score (though relying only on cash can leave you with little or no credit history, which can mean no score).
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