question 3 / 10\nwhat factor has the biggest impact on a credit score?\na. the amount of money you owe on…

question 3 / 10\nwhat factor has the biggest impact on a credit score?\na. the amount of money you owe on your credit cards.\nb. having a variety of types of credit.\nc. your history of making payments on time.\nd. the number of years that you have used credit responsibly.

question 3 / 10\nwhat factor has the biggest impact on a credit score?\na. the amount of money you owe on your credit cards.\nb. having a variety of types of credit.\nc. your history of making payments on time.\nd. the number of years that you have used credit responsibly.

Answer

Brief Explanations:

Payment history is a crucial factor in credit - scoring models. It reflects a borrower's reliability in repaying debts. Late payments can significantly lower a credit score, while consistent on - time payments boost it. The amount owed, credit mix, and length of credit history also matter, but payment history has the most substantial impact.

Answer:

C. Your history of making payments on time.