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Which of the following defines your payment history?

A. the percentage of your credit limit utilized
B. the number of late payments, amount of debt, and delay in repaying loans
C. the different types of credit, such as installment loans or mortgages



Answer :

GinnyAnswer

Final answer:

Payment history is defined by late payments, debt amount, and loan repayment delays, crucial for creditworthiness and credit scores.


Explanation:

Payment history is defined by the number of late payments, amount of debt, and delay in repaying loans. It is a crucial factor in determining creditworthiness and is reflected in credit scores. Maintaining a positive payment history is essential to build a strong credit profile.


Learn more about Credit Scores and Payment History here:

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