Question

question 1
a fico credit score is a three - digit number based on a persons credit report, and it is used to determine loan eligibility and the interest rates that people may pay.
true
false
question 2
credit scoring companies use data, such as sex, age, race and religion, to determine the likelihood of repayment.
false
true

Explanation:

Question 1

A FICO credit score is indeed a three - digit number (ranging typically from 300 to 850) calculated based on a person's credit report. Lenders use it to assess loan eligibility and set interest rates as it reflects creditworthiness.

Credit scoring companies are prohibited from using non - credit - related and discriminatory factors like sex, race, religion (and age is also regulated in a way that it can't be used discriminatorily) to determine repayment likelihood. They use factors like payment history, credit utilization etc.

Answer:

A. True

Question 2