Which of the following are true regarding credit scoring systems?
A) Lower scores are better than higher scores.
B) Scoring systems are based on statistical studies.
C) Credit unions calculate and sell credit scores to lenders.
D) Females receive higher score than males.
E) All of the above.

Question

Quizplus · Accepted Answer

Credit scoring systems are based on statistical studies, but lower scores are not better than higher scores. Credit unions calculate credit scores for their members, but they do not sell them to lenders. There is no evidence to suggest that females receive higher scores than males.

Which of the Following Are True Regarding Credit Scoring Systems