Question

Of the following, which statement or statements accurately represent possible effects of a long-term credit purchase on your credit score?

I. Showing a willingness to pay high interest rates increases your score.


II. Making only minimum payments for an extended time can hurt your score.


III. Regularly paying off a credit balance can boost your score.




a.

I and III


b.

II only


c.

II and III


d.

I, II, and III

Answer 1

C.) II & III on E2020

Answer 2

Option C II and III is the right choice.

Explanation:

The statement or statements that accurately represent possible effects of a long-term credit purchase on your credit score are :

II. Making only minimum payments for an extended time can hurt your score. (prolonged debt accumulation can lower credit scores)

III. Regularly paying off a credit balance can boost your score.