Question

Why would the length of time you have had a checking or savings account help

determine your credit score?
If you've had an account a long time, the company knows how to spell
ОА.
your name right and they will not mistake you for somebody else.
Potential lenders, businesses or employers want to see your "track record
OB. how you pay over a long period of time." Anybody can make one payment
on time. What counts is how you pay over time.
If you have an account over a long period of time, the company knows that
you have not moved recently and it would know how to find you, if needed.
If you have an account a long time, the company knows that you are
OD
serious about your finances.
Question 6
Good credit helps bring independence. Which statement best illustrates the fact
that good credit helps bring independence?

Answer 1

things that you need to check are:

- Your FICO score (the higher your fico scores will indicates that you're financialy trustworthy)

- Check the balance. Make sure that you always pay all the required balance. Failing to do this will be recorded as failure to complete payments no matter how little it is.

Step-by-step explanation:

Good credit can help you build a savings account. Because you pay less in interest when you have good credit, you are able to save more.