Question

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

Explanation:

To determine the order, we use knowledge of credit scoring: Payment history (II) has the biggest impact (e.g., late payments severely hurt scores). Next is the amount of money owed (I) (utilization ratio matters). Credit history length (III) has a smaller effect. So the order is II, I, III.

Answer:

b. II, I, III