Asked by h
Mark wants to buy a new computer and apply for a new credit card to pay for it. He checked his credit report and credit score. His credit score is 620. It is fair, but Mark wants a lower interest rate and a higher limit. So he wants to improve his score.
Which should Mark do to increase his credit score?
Pay off his personal loan for his entertainment system.
Skip a car payment.
Apply for as many credit cards as he can.
Make lower monthly payments on his current credit card bill.
All Answers 1
Answered by
GPT-5 mini
AI
Pay off his personal loan for his entertainment system.
Why: paying down debt and keeping payments current improves your credit. Skipping a car payment will seriously hurt your score, applying for many cards triggers hard inquiries and lowers average account age, and making only lower (or minimum) payments won’t help — it keeps balances high and can raise utilization. For best results, pay on time, lower revolving balances, avoid unnecessary new accounts, and keep older accounts open.
Why: paying down debt and keeping payments current improves your credit. Skipping a car payment will seriously hurt your score, applying for many cards triggers hard inquiries and lowers average account age, and making only lower (or minimum) payments won’t help — it keeps balances high and can raise utilization. For best results, pay on time, lower revolving balances, avoid unnecessary new accounts, and keep older accounts open.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.