Which of the following will lead to a poor credit rating?
A)Opening checking and savings accounts
B)Opening and using a charge account
C)Applying for a long-term loan and occasionally being late with a payment
D)Making payments ahead of schedule
E)Discussing with the lender if you foresee difficulty in making a payment

Question

Quizplus · Accepted Answer

C) Applying for a long-term loan and occasionally being late with a payment can lead to a poor credit rating because payment history is a significant factor in credit scoring models. Late payments negatively affect your credit score.

Which of the Following Will Lead to a Poor Credit