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3 votes
Which of the following statements is TRUE?

A. Applying for several credit cards in one year can help
Increase your credit score.
B. Paying off your entire credit card balance can lower
your credit score
C. People with low credit scores are usually low-risk
borrowers.
D. The longer you use credit responsibly, the Migher your
credit score will be

1 Answer

0 votes

Answer:

D - The longer you use credit responsibly, the higher your

credit score will be

Step-by-step explanation:

Lets dive into the problems to figure out why D is the best:

Answer A: Owning more than one credit card at a time is not recommended by bank officials.

Answer B: If you pay off your entire credit card, your credit score will be higher since you do not owe any money.

Answer C: If you have a low credit score, you are classified as a risk due to lack of money, or excuse to pay back. If you have a low credit score, you are not low risk.

Answer D: The longer you have used your credit card, the longer banks know your habits and when / if you will pay the bank back.

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