ECONOMICS (CBSE/UGC NET)

ECONOMICS

CREDIT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A credit score helps lenders decide if you’re a
A
A good person
B
Person with a good employment history
C
Good credit risk
D
An adult
Explanation: 

Detailed explanation-1: -Lenders may use credit scores to evaluate loan qualification, credit limit and interest rate. For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent.

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