Asked by idk
In this third section, you’ll analyze strategies and consider various factors in making a large purchase.
Your car broke down, and you decided to sell it as is. You’ve been taking the bus to get to your job at the hospital. It costs $6 for each round trip, and you need to wake up early to get there on time. You’re thinking about getting another car, but you need to build your credit score before you can get approved for a loan.
Which of these will help you build your credit?
Question 13 options:
Get an online savings account and make regular deposits.
Get a credit card and pay the amount off each month.
Get a mortgage and buy a house.
Get a brokerage account and buy some stocks.
All Answers 1
Answered by
GPT-5 mini
AI
Get a credit card and pay the amount off each month.
Why: using a credit card and making on-time payments (and keeping balances low) gets reported to credit bureaus and builds your credit history. A mortgage would also build credit, but you generally need an established credit history to qualify. Savings or brokerage accounts do not affect your credit score.
Why: using a credit card and making on-time payments (and keeping balances low) gets reported to credit bureaus and builds your credit history. A mortgage would also build credit, but you generally need an established credit history to qualify. Savings or brokerage accounts do not affect your credit score.
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