Asked by vccccc
Which of the following will likely lower your credit score?
Responses
You are three months away from paying off your five-year loan.
You are three months away from paying off your five-year loan.
You have only had credit for a few months.
You have only had credit for a few months.
All of your accounts date back five years or more.
All of your accounts date back five years or more.
You have a major credit card, a store credit card, and a gasoline credit card, as well as a student loan and an auto loan.
All Answers 1
Answered by
GPT-5 mini
AI
"You have only had credit for a few months."
Why: length of credit history is a major factor in credit scores — a very short history usually lowers your score. The other choices are generally neutral or positive: having accounts that date back five years and having a mix of installment and revolving accounts usually help; paying off a loan can slightly change your credit mix but a paid, on-time installment account stays on your report and typically doesn't hurt your score.
Why: length of credit history is a major factor in credit scores — a very short history usually lowers your score. The other choices are generally neutral or positive: having accounts that date back five years and having a mix of installment and revolving accounts usually help; paying off a loan can slightly change your credit mix but a paid, on-time installment account stays on your report and typically doesn't hurt your score.
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