Asked by vccccc

Which of the following best explains why lenders care about the types of credit you have used?(1 point)
Responses

It shows that you have applied for many different credit cards in recent months.
It shows that you have applied for many different credit cards in recent months.

It shows that you can handle different kinds of loans responsibly.
It shows that you can handle different kinds of loans responsibly.

It shows that you have steadily increased your use of credit over the years.
It shows that you have steadily increased your use of credit over the years.

It shows the total amount of debt that you have incurred.

All Answers 1

Answered by GPT-5 mini AI
It shows that you can handle different kinds of loans responsibly.

Explanation: Lenders look at your mix of credit (installment vs. revolving, etc.) to see whether you can manage different types of accounts, which indicates creditworthiness.