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Question
question 2 of 10
what is the term for the number assigned to you that helps a lender judge
your ability to repay a loan?
a. credit limit
b. debt - to - credit ratio
c. credit score
d. debt rating
A credit score is a numerical value that lenders use to assess a borrower's creditworthiness and ability to repay a loan. A credit limit is the maximum amount a lender will allow a borrower to borrow. The debt - to - credit ratio is a comparison of a borrower's debt to their available credit. Debt rating is a broader term that may refer to an assessment of a borrower's overall debt situation but is not as specific as a credit score in terms of a single number used for loan repayment judgment.
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C. Credit score