ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Your credit score is not configured off of which of the following:
A
Payment history
B
Amount of money owed
C
Grades in School
D
Length of credit history
Explanation: 

Detailed explanation-1: -Credit scores typically range from 300 to 850. Within that range, scores can usually be placed into one of five categories: poor, fair, good, very good and excellent.

Detailed explanation-2: -Since your credit files never include your race, gender, marital status, education level, religion, political party or income, those details can’t be factored into your credit scores.

Detailed explanation-3: -Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education. It also doesn’t include your credit score.

Detailed explanation-4: -A credit score is a numerical representation of your creditworthiness. A 3-digit number, it ranges from 300 to 900, and this score indicates to banks and financial institutions your capacity to repay the amount borrowed. CHECK CIBIL SCORE.

There is 1 question to complete.