Which option lists the five factors that drive credit score?

Which option lists the five factors that drive credit score?

• A. New Credit; Types of Credit; Length of Credit History; Payment History; Amount of Debt Owed
• B. New Credit; Types of Credit; Length of Credit History; Payment History; Income
• C. Payment History; Types of Credit; New Credit; Length of Credit History
• D. New Credit; Types of Credit; Length of Credit History; Payment History; Credit Utilization

Answer: (A)

The five factors that drive a credit score are Payment History, Amounts Owed, Length of Credit History, New Credit, and Types of Credit. The best answer lists New Credit, Types of Credit, Length of Credit History, Payment History, and Amount of Debt Owed, which matches those exact five factors in the standard framework. This combination covers how reliably you pay, how much debt you carry relative to your available credit, how long you’ve had credit, how recently you opened new accounts, and what kinds of credit you use. Other options introduce Income or substitute a term (like Credit Utilization) for Amounts Owed. Income isn’t a scoring factor, and while Credit Utilization relates to amounts owed, the standard five-factor list uses Amounts Owed as the label.

The five factors that drive a credit score are Payment History, Amounts Owed, Length of Credit History, New Credit, and Types of Credit. The best answer lists New Credit, Types of Credit, Length of Credit History, Payment History, and Amount of Debt Owed, which matches those exact five factors in the standard framework. This combination covers how reliably you pay, how much debt you carry relative to your available credit, how long you’ve had credit, how recently you opened new accounts, and what kinds of credit you use.

Other options introduce Income or substitute a term (like Credit Utilization) for Amounts Owed. Income isn’t a scoring factor, and while Credit Utilization relates to amounts owed, the standard five-factor list uses Amounts Owed as the label.