Which of the following does not have an adverse effect on your credit score?
A)Multiple credit report requests
B)Opening new accounts
C)Having a mix of both revolving and installment credit
D)Having large outstanding balances

Question

Quizplus · Accepted Answer

Having a mix of both revolving and installment credit can actually have a positive effect on your credit score, as it shows that you are able to manage various types of credit responsibly. A, B, and D can all have adverse effects on your credit score, as multiple credit report requests can imply that you are seeking a lot of new credit (which can be seen as risky), opening new accounts can lower the average age of your credit accounts (which can lower your score), and having large outstanding balances can indicate that you are not managing your debt effectively.

Which of the Following Does Not Have an Adverse Effect