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In Business / College | 2025-07-03

Rank the following factors in order from those that have the least effect on your credit score.
I. Amount of money owed
II. Payment history
III. Credit history length
A. I, II, III
B. II, I, III
C. II, III, I
D. III, II, I

Asked by 20090203g

Answer (2)

Among the factors affecting your credit score, payment history has the greatest impact, followed by the amount of money owed, while credit history length has the least effect. Thus, the correct order from least to most effect is III (credit history length), I (amount owed), II (payment history), making option d the right choice. Understanding these factors can help in managing and improving your credit score. ;

Answered by GinnyAnswer | 2025-07-03

Credit scores are influenced by three key factors: payment history, amount owed, and credit history length. Payment history has the most significant impact, followed by the amount owed, while credit history length has the least effect. Therefore, the correct ranking from least to most effect is III, I, II, which corresponds to option D: III, II, I.
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Answered by Anonymous | 2025-07-04

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