Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Is it correct that if Rita has a good income, her credit score should be high? (3 marks) It is not correct of Rita

1) Is it correct that if Rita has a good income, her credit score should be high? (3 marks) It is not correct of Rita to assume that she would have a high credit score based solely on her high income, as this is not one of the factors used when assessing credit score. The factors that are used for assessing her credit score are as follows: Payment history Amount of credit owing (credit utilization) Length of credit history Type of credit used Searching and acquiring new credit. Based on this answer, provide me feeback

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Financial Management

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

10th Canadian edition

1259261018, 1259261015, 978-1259024979

More Books

Students also viewed these Accounting questions