Consumers are most likely to have a good credit score if they:A.never miss their monthly credit card payments.B.fully complete a credit card application.C.reach the credit limit on multiple credit cards.D.file for bankruptcy to have their debts forgiven.

Banks and credit card companies use credit scores to:A.calculate the amount of compound interest on an account.B.determine whether a person's debts can be forgiven in bankruptcy.C.seize people's property if they fail to pay back loans in a timely manner.D.decide whether an applicant is likely to pay back borrowed money.

Which of the following will help you have a good credit score?Group of answer choicesOpening a lot of credit accounts.Keeping your balance at the maximum available amount of credit.Paying off your debt as quickly as possible.All of the above

Which action is most likely to improve a person's credit score?A.Completing a credit card applicationB.Filing for bankruptcy protectionsC.Paying all credit card bills on timeD.Reaching the credit limit on a credit card

Which is a benefit of maintaining a high credit score?A.Paying lower interest rates on loansB.Increasing your debt-to-credit ratioC.Paying higher interest rates on loansD.Opening as many credit accounts as you wantSUBMITarrow_backPREVIOUS

Customers with low credit scores who apply for credit are most likely to be rejected because:A.they are applying for credit for the first time and have no history of borrowing money.B.they refuse to pay application fees to demonstrate their high level of income.C.they have agreed that they will not file for bankruptcy if their debts are too high.D.they are considered unlikely to pay back borrowed money in a timely manner.