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Which portion of a credit report incorporates an assessment of an individual's credit liquidity?

A) Credit Score
B) Credit History
C) Public Records
D) Credit Inquiries

User Cereal
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1 Answer

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Final answer:

A) Credit Score

The credit score is the part of a credit report that assesses an individual's credit liquidity, influenced by borrowing and repayment history and other financial factors.

Step-by-step explanation:

The portion of a credit report that incorporates an assessment of an individual's credit liquidity would be A) Credit Score. The credit score is a numerical representation of an individual's creditworthiness, reflecting their history of borrowing and repaying debts, including credit card payments. It is one facet of a credit report and is crucial in determining the interest rates and credit limits banks will offer. While the credit history provides detailed information on past behavior, the score itself is an aggregate rating that banks and other lenders use to quickly assess risk. Credit rating agencies such as Standard and Poor's and Moody's provide these scores, which are influenced by factors including borrowing history, loan repayment reliability, savings, and other investments.

User Gary Ong
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