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
(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
Answers
GPT-4o mini
The action that could lower your credit score is:
**closing all your credit line accounts.**
Closing credit accounts can reduce your overall credit utilization ratio and decrease the length of your credit history, both of which can negatively impact your credit score.
The other options, such as obtaining a copy of your credit report, paying down balances on current credit lines, and continuing to make on-time payments on a loan, typically have a positive or neutral effect on your credit score.
**closing all your credit line accounts.**
Closing credit accounts can reduce your overall credit utilization ratio and decrease the length of your credit history, both of which can negatively impact your credit score.
The other options, such as obtaining a copy of your credit report, paying down balances on current credit lines, and continuing to make on-time payments on a loan, typically have a positive or neutral effect on your credit score.