Question
You recently inherited a large sum of money. Based on this money , what will happen to your credit score? Choose 1 answer: A It will have no affect on your credit score. B Your credit score will rise. C Your credit score will fall.
Answer
4
(274 Votes)
Clara
Master · Tutor for 5 years
Answer
### A. It will have no affect on your credit score.
Explanation
## Step1: Understand the Question### The question asks about the impact of inheriting a large sum of money on your credit score. Credit scores are determined by factors such as payment history, amounts owed, length of credit history, new credit, and types of credit used. Inheriting money does not directly affect these factors.## Step2: Analyze the Options### - **Option A**: It will have no affect on your credit score.- **Option B**: Your credit score will rise.- **Option C**: Your credit score will fall.Since inheriting money does not directly impact the factors that determine a credit score, the correct answer is that it will have no effect.