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Does the method for calculating credit scores seem fair to you? Why or why not? Write at least two complete sentences.

1 Answer

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Final answer:

The method for calculating credit scores is debated in terms of fairness due to its reliance on objective factors but potential lack of consideration for certain external elements.

Step-by-step explanation:

The method for calculating credit scores may be considered fair by some and unfair by others. It is based on objective factors such as a person's borrowing history, credit utilization, payment history, length of credit history, and credit mix. These factors provide a numerical representation of a person's creditworthiness. However, some argue that the system may not take into account certain external factors that could affect a person's ability to repay debts, such as job loss or medical emergencies.

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