Final answer:
Your credit history is based on: 4. all of the above.
Step-by-step explanation:
Your credit history is based on how many credit cards you owe money on, how much money you owe, and how many late payments you make. The number of credit cards you owe money on. Having multiple credit cards with balances can have a negative impact on your credit history. The amount of money you owe.
Carrying a high amount of debt can lower your credit score. The number of late payments you make. Making late payments can damage your credit history and lower your credit score.
All of these factors are considered by lenders when assessing your creditworthiness. Having a good credit history, with low amounts of debt, on-time payments, and no late payments, can increase your chances of getting approved for credit and getting better interest rates. The correct answer is 4. all of the above.