25. Potential buyer Sam wants to increase his credit score before applying for a mortgage loan. What factors should he conside score? O (a) Payment history, total amount owed, new credit, length of credit history O (b) Payment history, new credit, income, types of credit O (c) Marital status, types of credit, total amount owed, new credit (d) Total amount owed, bank account balance, payment history, length of credit history

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter9: Obtaining Affordable Housing
Section: Chapter Questions
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25. Potential buyer Sam wants to increase his credit score before applying for a mortgage loan. What factors should he consider that are normally included in the calculation of a credit
score?
O (a) Payment history, total amount owed, new credit, length of credit history
(b) Payment history, new credit, income, types of credit
(c) Marital status, types of credit, total amount owed, new credit
(d) Total amount owed, bank account balance, payment history, length of credit history
Transcribed Image Text:25. Potential buyer Sam wants to increase his credit score before applying for a mortgage loan. What factors should he consider that are normally included in the calculation of a credit score? O (a) Payment history, total amount owed, new credit, length of credit history (b) Payment history, new credit, income, types of credit (c) Marital status, types of credit, total amount owed, new credit (d) Total amount owed, bank account balance, payment history, length of credit history
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