Which components are included in a borrower's credit score?

The correct answer includes the components that make up a borrower's credit score, which are critical for lenders assessing creditworthiness. The primary elements that influence a credit score are payment history, credit utilization, length of credit history, types of credit used, and new credit inquiries.

Payment history accounts for a significant proportion of the credit score, reflecting how consistently a borrower has made payments on time. Credit utilization measures the ratio of current debt to available credit limits, indicating how much of a borrower's credit they are actively using. Length of credit history looks at the age of the borrower's credit accounts, which helps establish creditworthiness over time. Types of credit refer to the different accounts the borrower has (such as credit cards, installment loans, etc.), showcasing a mix of credit experience. Finally, new credit inquiries account for any recent applications for new credit and can signal potential financial distress if there are too many in a short period.

The other choices do not encompass the entirety of factors that influence credit scores, focusing instead on elements that may relate to the borrowing process but are not integral to calculating a credit score.