When reviewing a credit bureau report for a mortgage applicant in Canada, which of the following is generally considered a positive indicator for creditworthiness?

Question: When reviewing a credit bureau report for a mortgage applicant in Canada, which of the following is generally considered a positive indicator for creditworthiness?

Answer options:

• Multiple recent inquiries from various lenders
• A high number of revolving credit accounts at their maximum limit ✅ A long credit history with a consistent record of on-time payments
• Several collection accounts listed as outstanding

Correct answer: A long credit history with a consistent record of on-time payments

Explanation: A long credit history with consistent on-time payments demonstrates responsible credit management over time, which is a key factor lenders consider when assessing an applicant's ability to handle new debt obligations. This indicates a lower credit risk compared to scenarios involving excessive debt or missed payments.