Which factors can affect your credit score?

The factors that affect your credit score are primarily related to how you manage credit and debt, making option B the correct choice. This answer includes several key components identified by credit scoring models, which gauge your creditworthiness based on various financial behaviors.

Payment history is crucial, as it reflects whether you consistently pay your bills on time. Amounts owed evaluates how much of your available credit you are using, which can indicate your credit utilization ratio. Length of credit history is important because a longer history generally provides a better picture of your credit behavior. New credit considers the number of recent inquiries or accounts opened, which can show how actively you are seeking new credit. Finally, the types of credit used (such as credit cards, mortgages, and installment loans) demonstrates your experience with different forms of credit and how well you manage them.

These components together provide a comprehensive overview of your credit habits and help lenders assess risk, whereas the other options lack the complete set of factors recognized by credit scoring models.