What is one of the most important determinants of the amount of credit you can obtain when applying for credit?
A) cash in bank account
B) parents' income
C) number of credit cards
D) credit history

Question

Quizplus · Accepted Answer

Credit history is one of the most important determinants of the amount of credit you can obtain when applying for credit. Lenders look at your credit history as an indication of your ability to pay back loans on time. If you have a good credit history with a high credit score, you are more likely to be approved for a higher amount of credit. On the other hand, if you have a poor credit history or no credit history at all, it may be more difficult to obtain credit, or you may be limited to lower amounts.

What Is One of the Most Important Determinants of the Amount