ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pay my bills on time
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Keep balances on all accounts low
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Take out only the credit I need when I need it.
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Pay cash
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Detailed explanation-1: -If you have old credit cards, you should continue to maintain them as long as you can pay your bills in full, on time. This will help you build a solid and lengthy credit history, which will help you increase and maintain a good credit score in the future.
Detailed explanation-2: -Pay your bills on time This helps to pay down debt faster, save on interest expense and may improve your credit score. Your payment history makes up approximately 35% of your FICO® Score, so making timely payments is an important way to improve your credit score.
Detailed explanation-3: -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. More items
Detailed explanation-4: -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