ECON
Which action is most likely to improve a person's credit score?
A. Completing a credit card application
B. Filing for bankruptcy protections
C. Reaching the credit limit on a credit card
D. Paying all credit card bills on time

Answers

Answer 1

d would be the best option

Answer 2

Paying all credit card bills on time is the action most likely to improve a person's credit score. The correct option is D.

What credit score means?

A credit score uses data from your credit reports to predict your credit behavior, such as how likely you are to repay a loan on time.

This demonstrates responsible credit behavior and shows lenders that the person is a low-risk borrower. On the other hand, completing a credit card application or reaching the credit limit on a credit card can negatively impact a credit score as it can be seen as a sign of financial instability.

Filing for bankruptcy protection can also have a significant negative impact on a credit score and can take several years to recover from. Therefore, paying all credit card bills on time is the best way to improve a credit score.

Thus, the ideal selection is option C.

Learn more about credit scores here:

https://brainly.com/question/25668115

#SPJ7


Related Questions