select the correct answer. which of the following factors has the greatest impact in calculating fico…
select the correct answer. which of the following factors has the greatest impact in calculating fico scores? a. new credit b. payment history c. length of credit history
Answer
Brief Explanations:
Payment history is the most significant factor in FICO score calculations, accounting for about 35% of the score. It shows how consistently a borrower has made payments on time. New credit and length of credit history are important but have less impact than payment history.
Answer:
B. payment history