Answered

Select the correct answer.
What helps in determining the reliability of a person to repay debt?
O A.
number of credit cards
O B.
number of bank accounts
O C.
credit score
O D.
amount of credit
credit type



Answer :

GinnyAnswer

Final answer:

Credit score is essential for assessing a person's debt repayment reliability and creditworthiness.


Explanation:

Credit score is crucial in determining the reliability of a person to repay debt. Lenders use credit scores to evaluate the risk of lending money. A good credit score indicates responsible borrowing and increases the likelihood of receiving credit with favorable terms. Other factors like past repayment history and debt-to-credit ratio also influence a person's creditworthiness.


Learn more about Credit score and debt repayment here:

https://brainly.com/question/33977369


Other Questions