Which of the Below Statements Is FALSE

Multiple Choice

Which of the below statements is FALSE?

A) In assessing the credit quality of a mortgage applicant, lenders look at various measures with the starting point being the applicant's credit score.
B) Basically, a credit score is a qualitative grade of the credit history of the borrower.
C) Several firms collect data on the payment histories of individuals from lending institutions and, using statistical models, evaluate and quantify individual creditworthiness in terms of a credit score.
D) Although the credit scores have different underlying methodologies, the scores generically are referred to as FICO scores where a higher FICO score indicates lower the credit risk.