Ngoc Likes to Go Shopping

Multiple Choice

Ngoc likes to go shopping. Every time he goes to a new store, he fills out a credit card application for a store card so he can get a 15% discount on his purchases that day. Yesterday, he was trying to buy a new car but he was turned down for credit by the dealer. Ngoc can't understand why this happened since he thought he had pretty good credit. If you looked at his credit report, what most likely is the reason he was denied credit?

A) He was turned over for collection on an old debt 9 years ago.
B) He has only worked for his current employer for nine months.
C) He has to many recent inquiries on his credit report.
D) There is not enough information available to answer this question.