Question

credit scores and reports quick check
select the correct answers from the lists. (2 points)
sofia and omar both started with credit scores in the poor range. over the past year, sofia improved her credit score from 560 to 652, which is a
rating, while omar improved his score from 560 to 711, which is a
rating. this means omar is now seen as
creditworthy and is likely to receive
interest rates on loans than sofia.

Explanation:

To solve this, we analyze credit score ranges and their implications:

Step 1: Credit Score Ranges (General Guidelines)

• Poor: ~300–579
• Fair: 580–669
• Good: 670–739
• Very Good/Excellent: 740+

Step 2: Sofia’s Score (560 → 652)

652 falls in the Fair range (580–669).

Step 3: Omar’s Score (560 → 711)

711 falls in the Good range (670–739).

Step 4: Creditworthiness & Interest Rates

• Higher credit scores mean more creditworthy (lenders see less risk).
• More creditworthy borrowers get lower interest rates (lenders compete to offer better terms).

Answer:

s (Filling the Blanks):

1. Sofia’s rating: Fair
2. Omar’s rating: Good
3. Omar’s creditworthiness: more
4. Interest rates: lower

(Note: If this is a multiple-choice with dropdowns, the options would align with these ranges and concepts. For example, dropdown 1: Fair; dropdown 2: Good; dropdown 3: more; dropdown 4: lower.)