Question

Which of the following actions could lower your credit score? (1 point) Responses obtaining a copy of your credit report obtaining a copy of your credit report 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 continuing to make on time make payments on a loan even after you missed a payment

Answer 1

The action that could lower your credit score is:

• Closing all your credit line accounts

Closing credit accounts can reduce your overall available credit, increase your credit utilization ratio, and potentially impact your credit history length, all of which can negatively affect your credit score.

The other listed actions, such as obtaining a copy of your credit report or paying down balances, typically do not lower your credit score. In fact, they can help improve it. Continuing to make on-time payments on a loan, even after missing a previous payment, is beneficial for your credit score.