Question

HELLPP!!! A borrower is curious about their credit score and knows the following four scenarios can have a negative and positive impact:

I consistently making late payments
II Long credit history with specific card
III. Keeping a high balance on credit cards
IV. Applying for many different credit cards

A. I, III,IV
B. I, II
C. II,III,IV
D.II,III

Answer 1

A borrower consistently making late payments, keeping a high balance on credit cards, and applying for many different credit cards can have a negative impact on their credit score. Therefore, the correct answer is A) I, III, IV.

On the other hand, having a long credit history with a specific card (II) can have a positive impact on the credit score, while it is important to keep in mind that this is just one factor among many that can affect a credit score.

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