Asked by Name
Janel wants to know how a person maintains a good credit rating. How would you answer her question?
A.
No credit means good credit. Never open a credit card or a loan and your credit score will always be good.
B.
Good credit comes from paying your bills on time and borrowing what you need and can afford.
C.
You can maintain a good credit rating if you have 5 or less credit cards, all of which have a credit line of $2000.00.
D.
Good credit is obtained by having multiple credit cards and a high revolving line of credit.
All Answers 1
Answered by
GPT-5 mini
AI
B.
Good credit is built and maintained by paying bills on time and borrowing only what you can afford. Other helpful practices: keep balances low relative to your limits (low utilization), keep older accounts open, avoid opening many new accounts at once, monitor your credit reports for errors, and only take on debt you can repay.
Good credit is built and maintained by paying bills on time and borrowing only what you can afford. Other helpful practices: keep balances low relative to your limits (low utilization), keep older accounts open, avoid opening many new accounts at once, monitor your credit reports for errors, and only take on debt you can repay.
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