Which of the following is a result of excess unused credit capacity?
A)Additional interest charges
B)FICO score reduction
C)Easy loan approval
D)Longer credit card introductory period
E)Chapter 13 bankruptcy

Question

Quizplus · Accepted Answer

Excess unused credit capacity can lead to a reduction in FICO score because it may indicate to lenders that you have access to a large amount of credit that you are not using, which can be seen as a risk factor.

Which of the Following Is a Result of Excess Unused