Question

Which of the following can impact your credit score

The number of times you choose credit when given the choice between debit and credit at a register

you’re a debit to credit ratio

if you buy items at full price or at a discounted price when using credit

Types of items you’re buying using credit

Answer 1

Answer: B. your Debt to Credit ratio

Step-by-step explanation:

Your debt to credit ratio is important to lenders because it shows whether you spend wisely when given debt.

Debt to credit is measured as the percentage of debt you have given your credit limit. If for instance you have a credit card limit of $50,000 and have debt of $10,000, your debt to credit ratio is:

= 10,000/50,000 * 100

= 20%

Generally the lower this ratio, the better the contribution to your credit score.