Of the following statements, which one or ones describe actions helpful to your credit score?

I. Quickly paying off debts
II. Having recent debts
III. Having long-standing lines of credit

a. I only
b. II and III
c. I and III
d. III only

Please select the best answer from the choices provided:
A
B
C

Question

10-07-2024
Business

Answered

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Of the following statements, which one or ones describe actions helpful to your credit score?

I. Quickly paying off debts
II. Having recent debts
III. Having long-standing lines of credit

a. I only
b. II and III
c. I and III
d. III only

Please select the best answer from the choices provided:
A
B
C

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-10T20:03:15-04:00

Final answer:

Long-standing lines of credit and quickly paying off debts are beneficial for your credit score.

Explanation:

Having long-standing lines of credit is helpful to your credit score as it indicates a stable credit history. Quickly paying off debts, especially on time, is another action beneficial to your credit score by reducing your overall debt burden. Having recent debts may not necessarily be advantageous as it can indicate increased financial risk.

Learn more about Credit Score Actions here:

https://brainly.com/question/30239268

Of the following statements, which one or ones describe actions helpful to your credit score?I. Quickly paying off debtsII. Having recent debtsIII. Having long-standing lines of credita. I onlyb. II and IIIc. I and IIId. III onlyPlease select the best answer from the choices provided:ABC

Sagot :

Final answer:

Explanation:

Learn more about Credit Score Actions here:

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