The Most Important Factor Used in the FICO Credit Score

question 132

True/False

The most important factor used in the FICO credit score appears to be the borrower's payment history.

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Definitions:

Geographic Location

Geographic location refers to a specific physical place defined by its latitude and longitude, often considered in terms of its environmental, cultural, or geopolitical characteristics.

Child's Age

the number of years since a child's birth, a key factor in determining developmental stages and educational placement.

Mandatory Reporter

An individual required by law to report any suspected cases of child abuse or neglect.

Abuse Records

Official documentation or reports that detail instances of abuse, whether physical, emotional, sexual, or verbal.