Carrie attempted to acquire her credit score, but she was unable to do so. Why was she unsuccessful?

Question

BlackTom AI · Accepted Answer

Question: Carrie attempted to acquire her credit score, but she was unable to do so. Why was she unsuccessful?

Option 1: All of the options provided are viable reasons as to why Carrie cannot obtain her credit score.
- This statement suggests that each of the other options could independently explain why Carrie cannot obtain her score. Since the other options present plausible barriers to accessing a credit score (no recent activity, no long-standing accounts, or an error on the file), it is reasonable to consider that more than one factor could contribute to being unable to retrieve a score. However, the assertion that all possibilities are viable should be evaluated against the specific data from a consumer report, which can vary by bureau and individual circumstances.

Option 2: Carrie must not have had any credit activity within the last 6 months.
- In practice, a lack of recent credit activity can lead to a missing or unavailable score for some scoring models or consumer-reporting scenarios, because there may not be enough data to calculate a reliable score. Yet this is not a universal rule across all scoring systems or situations. Some models can generate a score based on historical data even if there hasn’t been activity in the most recent period. Therefore, stating that no activity within the last 6 months universally prevents scoring is an overgeneralization and may be incorrect in many cases.

Option 3: Carrie probably didn't have a credit account that was 6 months or older.
- This option posits that a minimum age for an account is required to have a score. In reality, credit scores are typically built from a history of credit usage, which often includes accounts that are older, newer, or a mix of both. While some scoring methods may require established history, it is not a strict universal prerequisite that allows no score if there isn’t an account that is 6 months or older. Therefore, this claim is an overstatement and can be misleading without additional context about the scoring model used.

Option 4: Carrie might have an error on her file stating "Social Security number reported as deceased."
- An error like a deceased SSN on a file could indeed block access to a credit score, because lenders and bureaus rely on accurate identifiers to pull a consumer report. If this error is present, obtaining a score would be adversely affected or blocked, making this a credible reason among others. It’s specific and plausible, though it would typically require verification and correction with the bureau.

Overall, each option presents a credible mechanism by which access to a credit score could be impeded, and option 1 encapsulates the idea that multiple factors could be involved. The remaining options discuss individual potential barriers, with varying degrees of general applicability depending on the credit-scoring model and data quality.

FSOS 1301 (001) Final Exam/Quiz

Carrie attempted to acquire her credit score, but she was unable to do so. Why was she unsuccessful?

View Explanation

Log in for full answers

Similar Questions

Participation in a credit counseling program will not impact a consumer’s credit score.

Nate's credit score is 795 while Cole's credit score is 610. It is more likely that:

Maria just received her FICO score in the mail. She scored 350. This a great score.This means that she will likely be able to obtain credit at a great interest rate.

According to the class, which factor typically has the LARGEST direct impact on your credit score?

It is important before getting a credit card to understand (K:1)

Select the correct definition from the drop down menu next to each term. 题目解析 1: Payment History 2: Credit Use 3: Credit History 4: New Credit 5: Credit Mix

Select the correct definition from the drop down menu next to each term. 1: Credit 2: Interest 3: Credit Score 4: FICO Score 5: Vantage Score

In a consumer society, many adults channel creativity into buying things

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler