Which of the following factors can influence your credit score?

The correct answer highlights several crucial factors that can influence a credit score, which is essential for understanding how creditworthiness is assessed. Payment history is one of the most significant components; it reflects whether you pay your bills on time. A consistent record of on-time payments positively impacts your credit score, whereas missed or late payments can significantly harm it.

Credit utilization is another critical element, which measures the amount of credit you’re using compared to your total available credit. Keeping a low utilization ratio demonstrates responsible credit management and can enhance your credit score. Lastly, the types of credit used—such as revolving credit (like credit cards) and installment loans (like mortgages or auto loans)—affect your credit score. A diverse mix of credit types can indicate to lenders that you can manage different types of debt responsibly.

In contrast, the other options present incomplete or inaccurate views of what influences a credit score. The amount of debt owed, while relevant, is not the only factor; hence it cannot stand alone as the sole influencer. The size of a savings account typically does not influence credit scores directly, as credit scoring focuses primarily on borrowed money rather than savings. Lastly, while recent credit inquiries can have an effect on your credit score, they are just one aspect among