What factors influence a credit score?

The correct choice highlights important elements that directly impact a credit score, specifically payment history, credit utilization, and recent inquiries.

Payment history is the most significant factor in calculating a credit score, as it reflects an individual’s track record of paying bills on time. A strong record of punctual payments can lead to a higher credit score, while missed or late payments can have a detrimental effect.

Credit utilization, which is the ratio of your current credit card balances to your total credit limits, also plays a crucial role. Lower credit utilization indicates a responsible use of credit, which can positively influence a credit score. Ideally, keeping this ratio below 30% is recommended.

Recent inquiries refer to the number of times a consumer's credit report has been requested, usually when applying for new credit. While a few inquiries won’t significantly harm a score, having too many in a short period may indicate risk to lenders, potentially lowering the credit score.

The other factors listed in the incorrect choices do not have a direct correlation with credit scores. Property ownership and income level can reflect financial stability but don’t specifically affect credit ratings. Similarly, job title, years of experience, savings, and investment portfolios may demonstrate financial health but they do not influence a credit score directly like the