Rank the following factors in order from those that have the most effect on your credit score to those that have the least effect on your credit score. I. Amount of money owed II. Payment history III. Credit history length a. I, II, III b. II, I, III c. II, III, I d. III, II, I.

Respuesta :

Factors order from those that have the most effect on your credit score to those that have the least effect on your credit score is II, I, III.

What factors affect credit scores?

Credit scores represent the creditworthiness of an individual or organization.

  • The payment history affects the credit score largely as it shows the consistency in payment by the people that hold 35 percent weightage.

  • The amount of loan taken by the individual has 30 percent weightage in the deciding credit score.

  • Length of credit history has 15 percent weight as it explains the time period of account presented as open.

Learn more about credit scores here:

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