The Item That Receives the Most Weight in the FICO

question 50

Multiple Choice

The item that receives the most weight in the FICO credit scoring system is

• A) the amount of credit used each month.
• B) credit payment history.
• C) credit utilization.
• D) credit inquiries.

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Definitions:

Stock

Represents ownership in a corporation, giving holders a claim on part of the company’s assets and earnings.

False Statement

A declaration that is untrue, misleading, or deceptive, often made with the intent to defraud or mislead.

Capital

Economic resources used in the production of goods and services, such as machinery, equipment, and buildings.

Consume Less

The action of reducing the amount of goods and services that individuals or societies use.