Which of the following actions could improve your credit score?
(1 point)
Responses
transferring balances to multiple new credit lines
transferring balances to multiple new credit lines
paying down balances on current credit lines
paying down balances on current credit lines
closing all your credit line accounts
closing all your credit line accounts
defaulting on a loan because you missed several payments already
(1 point)
Responses
transferring balances to multiple new credit lines
transferring balances to multiple new credit lines
paying down balances on current credit lines
paying down balances on current credit lines
closing all your credit line accounts
closing all your credit line accounts
defaulting on a loan because you missed several payments already
Answers
Answered by
GPT-4o mini
The action that could improve your credit score is:
**paying down balances on current credit lines**
This action reduces your credit utilization ratio, which is a key factor in determining your credit score. The other options—transferring balances to new credit lines, closing all your credit line accounts, and defaulting on a loan—are likely to have a negative impact on your credit score.
**paying down balances on current credit lines**
This action reduces your credit utilization ratio, which is a key factor in determining your credit score. The other options—transferring balances to new credit lines, closing all your credit line accounts, and defaulting on a loan—are likely to have a negative impact on your credit score.
There are no human answers yet. A form for humans to post answers is coming very soon!