Ontario Mortgage Agent Practice Exam 2026 - Free Mortgage Agent Practice Questions and Study Guide

Question: 1 / 400

How is the relationship between a credit score and the delinquency rates of Canadians characterized?

Higher credit score leads to higher delinquency rates

Lower credit score leads to higher delinquency rates

A higher credit score is typically associated with a lower risk of delinquency, as it indicates that the individual has a good history of repaying debt on time. Conversely, a lower credit score may suggest a pattern of late or missed payments, leading to a higher risk of delinquency. Therefore, option B is the correct answer. Options A and C are incorrect as they suggest a positive correlation between credit score and delinquency rates, which is not supported by data. Option D is also incorrect as it disregards the well-documented relationship between credit score and delinquency rates.

Get further explanation with Examzify DeepDiveBeta

Higher credit score leads to lower delinquency rates

There is no relationship between credit score and delinquency rates

Next Question

Report this question

Download Ontario Mortgage Agent Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy