The quality of your credit rating is maintained by:
A) only using cash to make purchases.
B) keeping high debt safety ratio.
C) seldom questioning billing errors.
D) using multiple credit cards.
E) meeting credit obligations as contracts require.

Question

Quizplus · Accepted Answer

Meeting credit obligations as contracts require is the best choice for maintaining a good credit rating. This means paying bills on time and in full, and not defaulting on any loans or debts. Using cash only could actually hurt your credit rating, as lenders want to see a history of responsible credit usage. A high debt safety ratio can also impact your credit score negatively, as it suggests that you are relying heavily on credit and may not be able to pay back what you owe. Seldom questioning billing errors or using multiple credit cards may not necessarily hurt your credit score, but they are not factors that directly contribute to maintaining a good credit rating.

The Quality of Your Credit Rating Is Maintained By