Question

You decide to charge your new cellphone on a credit card and pay it off immediately. Does this help or hurt your credit? Why or why not?

Answer 1

Answer: It can hurt your credit.

Explanation: Having that bill can bring up your credit because you have something to put on your credit history.

Answer 2

It would be better to make monthly payments on the phone because this will help build credit history, provided you make your payments on time

Step-by-step explanation: