Question

3.What are some factors that influence a person's credit rating or their ability to get credit? Explain how these factors influence the extension of credit.

Answer 1

@iambatman

Answer 2

Do you mean things as payment history and such?

Answer 3

Factors that affect credit scores are: Payment history, amount of outstanding debt, amount of time that the debt has been open, and the amount of new credit. Credit scores can also be affected by what types of credit you have (ie consumer, student debt, mortgages).

Answer 4

Thank you (:

Answer 5

Your Welcome :D