Which of the following is not a factor in determining a FICO score?
Understand the Problem
The question is asking which of the provided options does not influence the determination of a FICO score, which is important for understanding credit scoring.
Answer
Paying cash for all purchases.
The final answer is paying cash for all purchases.
Answer for screen readers
The final answer is paying cash for all purchases.
More Information
Paying cash for purchases is not recorded on your credit report and therefore does not impact your FICO score.
Tips
A common mistake is assuming that any financial activity impacts your credit score. Only activities recorded on your credit report are considered.
Sources
- What's Not in Your Credit Score - myFICO - myfico.com
- The 5 Biggest Factors That Affect Your Credit - Investopedia - investopedia.com
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