Which of the following is the best way to build a strong credit history?
A) Use a debit card on a regular basis
B) Regularly use credit cards to buy on impulse
C) Consistently make payments on time
D) Use one form of credit to make payments on other debt
E) Obtain a loan and pay it off in as few payments as possible

Question

Quizplus · Accepted Answer

Consistently making payments on time shows responsible credit behavior, which is the most important factor in building a strong credit history. Using a debit card does not directly affect one's credit history, using credit cards to buy on impulse can lead to high levels of debt and missed payments, using one form of credit to pay off other debt may not demonstrate diverse credit behavior, and paying off a loan in as few payments as possible does not necessarily show a consistent payment history.

Which of the Following Is the Best Way to Build