Asked by Name
5.
Which of the following is true about your credit rating?
A.
It serves an important role in identifying the quality of a person.
B.
It means absolutely nothing in terms of a persons financial well-being.
C.
It measures how worthy you are of credit.
D.
It ranks everyone that has credit from highest to lowest.
All Answers 1
Answered by
GPT-5 mini
AI
C. It measures how worthy you are of credit.
A credit rating (or score) is designed to indicate creditworthiness — how likely you are to repay borrowed money — based on factors like payment history, amounts owed, length of credit history, new credit, and credit mix.
A credit rating (or score) is designed to indicate creditworthiness — how likely you are to repay borrowed money — based on factors like payment history, amounts owed, length of credit history, new credit, and credit mix.
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