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 are true.

Question

Quizplus · Accepted Answer

Credit scoring systems are based on statistical studies, but lower scores are not necessarily better than higher scores. Credit unions do not calculate and sell credit scores to lenders. The statement about females receiving higher scores than males is false.

Which of the Following Are True Regarding Credit Scoring Systems