FICO and VantageScore Are Two Methods Used to Judge Creditworthiness

question 55

True/False

FICO and VantageScore are two methods used to judge creditworthiness.

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Definitions:

Establishing a Direction

The act of setting a course or guiding principles that an organization or individual intends to follow.

Elements

Fundamental components or substances that cannot be simplified using chemical means, forming the building blocks of matter.

Motivation

The inner drive or process that stimulates and directs human behavior towards achieving specific goals.

Creativity

The use of imagination or original ideas to create something; inventiveness.