Final answer:
When making a credit decision, factors such as credit score, income, employment history, and financial stability should be considered. Sex, color, and race should never be taken into account as per the Equal Credit Opportunity Act.
Step-by-step explanation:
When making a credit decision, there are several factors that can be considered. One of the most important factors is the credit score of the individual. A credit score is a numerical representation of a person's creditworthiness, based on their borrowing history, payment behavior, and other financial factors.
Other factors that can be considered include the individual's income, employment history, and overall financial stability. Lenders may also consider any existing debts or obligations the person may have.
It is important to note that factors such as sex, color, and race should never be taken into account when making a credit decision. The Equal Credit Opportunity Act, a federal law, prohibits discrimination based on these factors.