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Credit and Loans

Question 3 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

is a factor that contributes to a person’s credit score.

Answer
A
Future income
B
Investment risk
C
Payment history

Explanation

Payment history is a major factor in a person’s credit score because it shows whether they have paid bills and debts on time. Future income and investment risk are not standard factors used to calculate a credit score.

AI-written and checked against the verified answer.

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