Question

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


Consistently making late payments
Long credit history with specific card
Keeping a high balance on credit cards
Applying for many different credit cards


Which scenario(s) will negatively impact a credit score?
I, III, IV
I, II
II, III, IV
II, III

Answer 1

Alright so which ones can we cross off?

Answer 2

2 and 3

Answer 3

Correct, think you know another one we can cross out?

Answer 4

4

Answer 5

4?

Answer 6

We've already eliminated D, any others ones?

Answer 7

IV

Answer 8

i meant

Answer 9

answer is a

Answer 10

?

Answer 11

That would be correct.

Answer 12

:]

Answer 13

Good job!

Answer 14

Now, out of curiosity, why do you think it's A, I mean it is but why?

Answer 15

because its the most negitve things about them