Answer:
Explanation:
Based on the information provided, we can use the following credit score range and corresponding points:
Excellent: 800-850 (23-27 points)
Very good: 750-799 (18-22 points)
Good: 700-749 (13-17 points)
Fair: 650-699 (8-12 points)
Poor: 600-649 (5-7 points)
Bad: below 600 (0-4 points)
Using this range, we can add up the points for Ivan's information:
Age: 23 points (because he is between 60-64 years old)
Time at address: 5 points (because he has lived at his address for more than 10 years)
Age of auto: 5 points (because he has owned his car for 2-4 years)
Car payment: 13 points (because his monthly car payment is between $200-$299)
Housing costs: 23 points (because he owns his home and has no monthly mortgage or rent payment)
Checking and savings accounts: 5 points (because he has both types of accounts)
Finance company reference: 5 points (because he has a reference from a finance company)
Declared bankruptcy: 0 points (because he has never declared bankruptcy)
Adding up all these points, we get a total of 79 points. Based on the credit score range and points listed above, this falls into the "Excellent" category, which corresponds to a credit score between 800-850. Therefore, Ivan's credit score is likely to be in that range.