select the correct answer.\nwhat aspect is factored into a credit score?\na. account balances\nb. investment…

select the correct answer.\nwhat aspect is factored into a credit score?\na. account balances\nb. investment portfolios\nc. your choice of profession\nd. checking account overdraft\ne. credit inquiries

select the correct answer.\nwhat aspect is factored into a credit score?\na. account balances\nb. investment portfolios\nc. your choice of profession\nd. checking account overdraft\ne. credit inquiries

Answer

Answer:

A. account balances, E. credit inquiries

Explanation:

Step1: Analyze account balances

Account balances (e.g., credit card balances) are a key factor. High - utilization of credit (e.g., maxing out credit cards) can negatively affect the credit score.

Step2: Analyze credit inquiries

Too many hard credit inquiries (e.g., when applying for loans frequently) can lower the credit score as it may indicate higher credit risk.

Step3: Analyze other options

  • Investment portfolios: These are related to assets and not directly factored into the credit score calculation.
  • Your choice of profession: Not a direct factor in credit score determination.
  • Checking account overdraft: While it may have some indirect financial implications, it is not a primary factor in the standard credit score formula.