which statement is the correct definition of a credit score? a numerical expression that represents a…

which statement is the correct definition of a credit score? a numerical expression that represents a persons ability to use credit to purchase items a numerical expression ranging from 350-800 that represents a persons ability to pay their bills a numerical expression ranging from 250-700 that represents a persons inability to repay borrowed money a numerical representation of a persons creditworthiness, which indicates how likely they are to repay borrowed money

which statement is the correct definition of a credit score? a numerical expression that represents a persons ability to use credit to purchase items a numerical expression ranging from 350-800 that represents a persons ability to pay their bills a numerical expression ranging from 250-700 that represents a persons inability to repay borrowed money a numerical representation of a persons creditworthiness, which indicates how likely they are to repay borrowed money

Answer

Brief Explanations:

A credit - score is a numerical measure of creditworthiness, showing the likelihood of repaying borrowed money. The typical range is 300 - 850 in many common scoring models, and it's not just about paying bills or inability to repay. It assesses overall credit - related reliability.

Answer:

D. a numerical representation of a person’s creditworthiness, which indicates how likely they are to repay borrowed money