Business High School

Which of the following statements is TRUE? A. The longer you use credit responsibly, the higher your credit score will be. B. People with low credit scores are usually low-risk borrowers. C. Paying off your entire credit card balance can lower your credit score. D. Applying for several credit cards in one year can increase your credit score.​

Answers

Answer 1

Answer:

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it's the answer for this question because

Answer 2

Option A is true.

Does your credit score go up the more you use it?

The financial world calls this credit utilization. Every step over that 30% utilization mark has a negative impact on your score. That is true even if you make your required payments each month.

What happens to your credit score if you use a high of your credit limit?

You might even see your credit score drop due to the increased balance on your card. If you make too many over-limit charges, your credit card issuer could close your credit account. Here are the most common consequences associated with spending over your credit limit: Your credit card could be declined.

Learn more about credit scores here https://brainly.com/question/23024185

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Related Questions

What is moral myopia? Why do you think an advertising professional might experience this phenomenon?

Answers

Answer: See Explanation

Explanation:

Moral myopia occurs when someone is unable to clearly see ethical issues. In this case, people decide not to say anything even though they see the unethical behavior of others.

An advertising professional might experience moral myopia in the sense that such person looks away when he or she sees an unethical act because of fear of losing his or her job and also because of fear of losing a customer.

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