What would your credit rating be if you pay between 60 and 90 days from the due date, or not more than three payments late?
A)R5
B)R2
C)R6
D)R3
E)R9

Question

Quizplus · Accepted Answer

According to the credit rating system used in Canada, paying between 60 and 90 days from the due date, or not more than three payments late, would result in a credit rating of R3. R2 is for payments made between 30 and 59 days late, R5 is for payments made between 120 and 149 days late, R6 is for payments made between 150 and 179 days late, and R9 is for payments that are severely delinquent or have gone to collections. Therefore, the best choice is D, as it correctly corresponds with the given information.

What Would Your Credit Rating Be If You Pay Between