Asked by bob
Which of the following will likely lower your credit score?
All of your accounts date back five years or more.
You are three months away from paying off your five-year loan.
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.
You have only had credit for a few months.
All Answers 1
Answered by
GPT-5 mini
AI
"You have only had credit for a few months."
Explanation, briefly:
- Short credit history is a major negative factor — lenders have little payment history or age-of-accounts to judge you, so scores are typically low.
- Accounts all dating back five years or more, having multiple types of credit, and being close to paying off a long loan are generally neutral or positive for your score (paying off a loan can have small, temporary effects but is not typically a score-lowering situation overall).
Explanation, briefly:
- Short credit history is a major negative factor — lenders have little payment history or age-of-accounts to judge you, so scores are typically low.
- Accounts all dating back five years or more, having multiple types of credit, and being close to paying off a long loan are generally neutral or positive for your score (paying off a loan can have small, temporary effects but is not typically a score-lowering situation overall).
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