The item that receives the most weight in the BEACON credit scoring system is
A)the amount of credit used each month.
B)credit payment history.
C)credit use.
D)debt to equity ratio.

Question

Quizplus · Accepted Answer

Credit payment history is the most heavily weighted factor in the BEACON credit scoring system, with a weighting of 35%. This means that lenders consider a borrower's history of making timely payments on their credit accounts to be the most important factor in determining their creditworthiness. The amount of credit used each month, credit use, and debt to equity ratio are all also important factors, but they are given less weight than credit payment history in the BEACON scoring system.

The Item That Receives the Most Weight in the BEACON