Which of the following will increase your credit score?(1 point)

Responses

Your credit record goes back years, but all your current loans and/or accounts were opened recently.
Your credit record goes back years, but all your current loans and/or accounts were opened recently.

You have many missed or late payments on your credit cards or loans.
You have many missed or late payments on your credit cards or loans.

You recently applied for several credit cards.
You recently applied for several credit cards.

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.

1 answer

The statement that would likely increase your credit score is:

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.

Having a diverse mix of credit types (installment loans and revolving credit) and maintaining a good payment history can positively impact your credit score. The other options listed would negatively affect your credit score.