ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Have money in savings and protected against identity theft
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Keep debt low and pay bills on time
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Make safe investments and set clear financial goals
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Comparison shop and follow a budget
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Detailed explanation-1: -Be organized. Pay attention to the payment due dates. Mail your payment-or schedule an online payment through Bill Pay-at least a week before the due date. Sign up for automatic payments. Keep your contact information current.
Detailed explanation-2: -Pay your bills on time. Avoid maxing out credit accounts. Manage your debt-to-income ratio. Contribute to an emergency fund. Practice making payments before taking on new debt. Monitor your credit reports. Know your credit score. Think before closing accounts. More items
Detailed explanation-3: -Pay your bills on time. Keep your balances low. Consider a credit card. Don’t apply for more credit cards than you need. Keep an eye on your credit report. 25-Oct-2022
Detailed explanation-4: -Take account of your accounts. Check your credit report. Look for opportunities to consolidate. Be honest about your spending. Determine how much you have to pay. Figure out how much extra you can budget. Determine your debt-reduction strategy.