Many people believe that a persons credit score is based only on previous payment history. Instead it
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Many people believe that a person’s credit score is based only on previous payment history. Instead it includes factors such as the number of credit accounts and their amounts, the length of the credit history, the number of inquiries that have been made by companies, and the types of current credit. Provide reasons why each of those factors are included in calculating a credit score. Which factors do you believe do not fairly represent a person’s credit risk? Explain.
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