11
AssignmentMultiple Select

Simple Interest

Question 11 • POP Financial Math 26/27

What steps can an individual take to improve a credit score? Check all that apply.

Answer
A
make all loan payments on time
B
check credit reports for accuracy
C
avoid opening credit accounts that are not needed
D
apply for several new credit cards
E
use all available credit
F
keep balances low

Explanation

Paying every loan on time supports a strong payment history, and checking credit reports helps you find and correct errors. Avoiding unnecessary accounts can limit extra credit inquiries and debt, while keeping balances low improves credit utilization. Applying for several cards and using all available credit can hurt your score.

AI-written and checked against the verified answer.

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