4
QuizMultiple Choice

Credit and Loans

Question 4 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

A credit score is based in part on

Answer
A
employment and race.
B
income and location.
C
employment and trust.
D
payment history and total debt.

Explanation

Credit scores are based largely on how reliably a person has paid debts and how much debt they currently owe. Payment history and total debt are both important factors, so the correct choice is “payment history and total debt.” Employment, race, income, and location are not the factors listed in this choice.

AI-written and checked against the verified answer.

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