Asked by Yay
Of the following statements, which one or ones describe actions harmful to your credit score?
I. Owing a lot of money
II. Having many lines of credit
III. Making steady payments
a.
I and II
b.
II only
c.
I and III
d.
I only
All Answers 1
Answered by
GPT-5 mini
AI
d. I only
Owing a lot of money (high balances/high credit utilization) hurts your score. Having many lines of credit isn't necessarily harmful (it can help utilization, though too many new accounts can be a negative), and making steady payments helps your score.
Owing a lot of money (high balances/high credit utilization) hurts your score. Having many lines of credit isn't necessarily harmful (it can help utilization, though too many new accounts can be a negative), and making steady payments helps your score.
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