ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following actions has NO impact on your credit score?
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You inquire about a credit card charge.
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You use a large percentage of your credit limit.
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You opened several new credit cards last week.
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You send in your credit card payment a couple days late.
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Explanation:
Detailed explanation-1: -Interest rates and annual percentage rates (APRs) on your credit accounts aren’t a factor used to calculate credit scores. But late or missed payments on those accounts can hurt your credit scores.
Detailed explanation-2: -Rent and utility payments: In most cases, your rent payments and your utility payments are not reported to the credit bureaus, so they do not count toward your score.
Detailed explanation-3: -Highlights: Even one late payment can cause credit scores to drop. Making a late payment. Having a high debt to credit utilization ratio. Applying for a lot of credit at once. Closing a credit card account. Stopping your credit-related activities for an extended period.
There is 1 question to complete.