The service providers that may use credit scores to make decisions on service purchase eligibility and pricing include:
- Mortgage lender: When applying for a mortgage, your credit score plays a crucial role in determining whether you qualify for a loan and the interest rate you may receive.
- Credit card issuer: Credit card companies assess your credit score to decide whether to approve your application and what credit limit and interest rate to offer.
- Home insurer: Some home insurance companies consider your credit score when setting premiums for homeowner's insurance policies.
- Cell phone company: Cell phone providers may use credit scores to determine if a customer needs to pay a deposit or to offer financing options on new phones.
- Electric utility: In some cases, electric utility companies may check credit scores to decide if a customer needs to pay a deposit to start services or to set payment terms.
- Landlord: Landlords often use credit scores to evaluate potential tenants' financial responsibility and determine if they are likely to pay rent on time.
Therefore, the answer to the question is "g. All of the above" because mortgage lenders, credit card issuers, home insurers, cell phone companies, electric utilities, and landlords may all consider credit scores when making decisions about providing services or setting prices.
