Which of these measures is the most accurate predictor of your future payment performance?
A)Payment history
B)Length of credit history
C)Types of credit
D)Amount of money you can borrow

Question

Quizplus · Accepted Answer

Payment history is the most accurate predictor of your future payment performance because it shows how well you have managed your credit obligations in the past. A good payment history indicates that you are likely to continue making timely payments in the future. On the other hand, a poor payment history may suggest that you may miss payments in the future. Length of credit history, types of credit, and the amount of money you can borrow are also important factors, but payment history is the most reliable indicator of your creditworthiness.

Which of These Measures Is the Most Accurate Predictor of Your