Which of the following determines the interest rate you'll be charged when you want to borrow money?

The credit report is crucial in determining the interest rate you'll be charged when borrowing money because it contains a comprehensive overview of your credit history. Lenders use this report to assess the risks associated with lending you money, including your repayment history, outstanding debts, and the length of your credit history.

A positive credit report, with a history of on-time payments and low credit utilization, typically leads to lower interest rates since lenders perceive you as a lower risk. In contrast, a report with missed payments or significant debt can result in higher interest rates, reflecting the higher risk the lender is assuming by offering you a loan.

While the credit score is also important, as it is derived from the data in the credit report, the report itself provides a more detailed picture that lenders consider when making their decisions. Income level and loan amount may influence lending decisions and overall loan approval but are typically secondary factors when it comes to the specific interest rate assigned to the loan.