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Question
question 10 of 10
what is the term for the number assigned to you that helps a lender judge your ability to repay a loan?
a. debt - to - credit ratio
b. debt rating
c. credit score
d. credit limit
A credit score is a numerical value that lenders use to assess a borrower's creditworthiness and ability to repay a loan. Debt - to - credit ratio is a comparison of debt to available credit, debt rating is for entities like companies or governments, and credit limit is the maximum amount of credit a borrower can access.
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C. Credit score