Question

question 3
5 pts
which category accounts for about 35% of the credit score calculation and takes into account bills that are paid late, how late they were paid, how recent the delinquency was, and the total amount owed?

• length of credit history
• amounts owed relative to limits
• payment history
• types of credit used

question 4
5 pts
which category accounts for about 30% of the credit score calculation and considers your debt - to - credit ratio?

• length of credit history
• types of credit used
• frequency of new credit
• amounts owed relative to limits

Explanation:

Question 3

To determine the correct answer, we analyze each option:

• "Length of Credit History" relates to how long credit accounts have been open, not late payments or amounts owed.
• "Amounts Owed Relative to Limits" focuses on debt - to - credit ratios, not late payments.
• "Payment History" includes details like late payments, how late, recency of delinquency, and total amount owed, and it accounts for about 35% of the credit score.
• "Types of Credit Used" refers to the variety of credit (e.g., credit cards, loans), not late payments or amounts owed.

We evaluate each option:

• "Length of Credit History" is about the duration of credit accounts, not debt - to - credit ratios.
• "Types of Credit Used" is about the variety of credit, not debt - to - credit ratios.
• "Frequency of New Credit" is about how often new credit is obtained, not debt - to - credit ratios.
• "Amounts Owed Relative to Limits" considers the debt - to - credit ratio (amount owed compared to credit limits) and accounts for about 30% of the credit score.

Answer:

C. Payment History

Question 4