Question
Which of these would improve a person’s credit score?
(1 point)
Responses
having many small loans
having many small loans
paying off a significant debt
paying off a significant debt
making several late payments
making several late payments
keeping the same job for many years
keeping the same job for many years
(1 point)
Responses
having many small loans
having many small loans
paying off a significant debt
paying off a significant debt
making several late payments
making several late payments
keeping the same job for many years
keeping the same job for many years
Answers
GPT-4o mini
The option that would improve a person’s credit score is:
**paying off a significant debt.**
Paying off debts can positively impact your credit utilization ratio and overall creditworthiness, leading to an improved credit score. The other options are less likely to have a positive effect or could potentially harm a credit score.
**paying off a significant debt.**
Paying off debts can positively impact your credit utilization ratio and overall creditworthiness, leading to an improved credit score. The other options are less likely to have a positive effect or could potentially harm a credit score.