You're paying your credit card bill and your student loan payment each month, but you're falling behind on your auto loan payment. Which friend's advice could have a NEGATIVE impact on your credit score?*1 pointJoanie says, "Call the auto lender and see if you can negotiate a lower monthly payment or some other deal."Debbie says, "Stop making the credit card payment for a few months until you're caught up on the auto loan."Angie says, "Pick up a second job for as long as it takes to accumulate enough money to make all your payments, even if it means losing time with friends and family."Betty says, "Cut down to a bare bones budget, where your necessities and your debt repayments take first priority. Cut everything non-essential."

Paying off your credit card every month is good for your credit score.Group of answer choicesTrueFalse

How does a credit score financially effect an individual? Check *ALL* that apply. aHow much you pay for auto insurance bYour ability to borrow money cHas no impact on borrowing dThe interest rate you are issued on a loan

You will not hurt your credit rating if you:A.pay off bills before they are due.B.miss a mortgage payment on your home.C.have your car repossessed due to nonpayment of bills.D.apply for new credit cards all the time.SUBMITarrow_backPREVIOUS

What is one strategy that can help a borrower reduce the cost of an auto loan?A.The borrower can increase the amount of the principal.B.The borrower can make a higher down payment.C.The borrower can make only the minimum payment each month.D.The borrower can lengthen the term of the loan.SUBMITarrow_backPREVIOUS

Your friend confides in you that he has a low credit score. What is the single best way for him to improve his score?*1 pointCancel his credit cardsMake on-time paymentsGet a car loanCheck his credit score