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Why is it important to check your credit history? Check all that apply.

Oto track my current debt
Oto determine whether I need a loan
to ensure that the information is correct
O to monitor my credit score
Oto decide which bills to pay
Oto plan for future investments

User StudioTime
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2 Answers

2 votes

Answer:

Checking your credit history is important for several reasons, and the following apply:

To ensure that the information is correct: It's crucial to verify the accuracy of the information on your credit report to avoid any errors or inaccuracies that could negatively impact your credit score and financial reputation.

To monitor my credit score: Regularly checking your credit history allows you to monitor your credit score. A good credit score is essential for obtaining loans, credit cards, and favorable interest rates on financial products.

To plan for future investments: Your credit history and credit score can affect your ability to make various financial investments, such as buying a home or starting a business. Keeping an eye on your credit history helps you plan for these investments and improve your financial health.

The other options mentioned do not directly relate to the importance of checking your credit history.

User Gmoshkin
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6.6k points
5 votes

Answer: To track my current debt

To ensure that the information is correct

To monitor my credit score

Explanation: the other answer about planning for future investments was wrong.

User FrankZp
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7.2k points