Question

which of the following will increase your credit score?
- you have a major credit card, a store credit card, a gasoline credit card, as well as a student loan and an auto loan
- you have many missed or late payments on your credit cards or loans
- your credit record goes back years, but all your current loans and/or accounts were opened recently
- you recently applied for several credit cards

Answer 1

The first option, having a major credit card, a store credit card, a gasoline credit card, as well as a student loan and an auto loan, will increase your credit score as it shows that you have a mix of different types of credit and are managing them responsibly. The other options will likely have a negative impact on your credit score.