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What does 'credit score' indicate?
What does 'credit score' indicate?
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Practice Questions
1 question
Q1
What does 'credit score' indicate?
The amount of money in a bank account
The likelihood of repaying loans
The interest rate on loans
The total debt of an individual
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A credit score indicates the likelihood of repaying loans.
Questions & Step-by-step Solutions
1 item
Q
Q: What does 'credit score' indicate?
Solution:
A credit score indicates the likelihood of repaying loans.
Steps: 4
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Step 1: Understand that a credit score is a number.
Step 2: Know that this number is based on your borrowing history.
Step 3: Realize that the score shows how likely you are to pay back money you borrow.
Step 4: Remember that a higher score means you are seen as a lower risk to lenders.
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