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The chart describes four people's credit histories.

\begin{tabular}{|c|l|}
\hline \multicolumn{2}{|c|}{ Creditworthy Criteria } \\
\hline Name & \multicolumn{1}{|c|}{ Description of Credit History } \\
\hline Ellie & Has more debt than earnings \\
\hline Collin & Pays only some of his bills every month \\
\hline Jacob & Has made three late payments in the past year \\
\hline Eesha & Pays more than the minimum payment each month \\
\hline
\end{tabular}

Which person is creditworthy?



Answer :

GinnyAnswer
Let's analyze the credit history descriptions of each person to determine who is creditworthy:

1. Ellie:
- Description: Has more debt than earnings.
- Analysis: Having more debt than earnings is a negative indicator for creditworthiness because it suggests financial instability and an inability to manage debt responsibly.

2. Collin:
- Description: Pays only some of his bills every month.
- Analysis: Paying only some of his bills every month indicates an inconsistent payment history, which is another negative factor for creditworthiness.

3. Jacob:
- Description: Has made three late payments in the past year.
- Analysis: Making late payments is a negative indicator for creditworthiness, as it shows a pattern of unreliability in meeting financial obligations on time.

4. Eesha:
- Description: Pays more than the minimum payment each month.
- Analysis: Paying more than the minimum payment each month is a strong positive indicator for creditworthiness. It demonstrates financial responsibility and a commitment to paying off debt more quickly.

Based on these analyses, Eesha is the person who is creditworthy.

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