Respuesta :
Answer:
The correct answer is :A :They are more likely to pay bills on time.
Step-by-step explanation:
Which of the following is true of a person with a high credit score?
A : They are more likely to pay bills on time.
High credit scores are given to those who pay off their debt with time. Good credit scores are important to get loans. Bad credit scores are allotted to those who do not pay their bills on time. These people face problems while applying loans and either they do not get loans or get it at very high interest rates.
Option A is correct as they are more likely to pay bills on time.
Further Explanation:
Given:
The options are as follows.
(A) They are more likely to pay bills on time.
(B) They are less likely to pay off debts.
(C) They probably have a high balance on multiple credit cards.
(D) Both B and C are correct.
Explanation:
A score is given to the credit card holder that is known as the credit score.
Credit score is used by banks and lenders for giving loans to the individual or company.
Credit score is used to make decisions about whether the loan is to offer or not to the individuals.
Credit score is also used by the automobile industry for giving car loans.
High credit score means that the person is paying his bills on the time without due.
Option A is correct as they are more likely to pay bills on time.
Option B is not correct if they are less likely to pay off debts the credit score will be low.
Option C is not correct.
Option D is not correct.
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Answer details:
Grade: High School
Subject: Mathematics
Chapter: Credit Risk
Keywords: probably, bills, high balance, high credit, bills on time, depts., pay off depts., credit cards, debit cards, high credit score.
