Anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage. What is the best thing she can do to improve her creditworthiness?
Answer
A
She should take out more debt to improve her credit score.
B
She should take out more debt to improve her credit score.
C
She should pay down her student loan and credit card debt.
D
She should pay down her student loan and credit card debt.
E
She should apply for more credit cards to improve her credit history.
F
She should apply for more credit cards to improve her credit history.
G
She should get a second job to make more money.
H
She should get a second job to make more money.
Explanation
Paying down existing student loan and credit card debt can improve Anastasia’s creditworthiness by reducing how much she owes relative to her available credit and showing responsible repayment. Taking on more debt or applying for more cards is not a reliable way to improve her credit, and earning more money alone does not directly raise a credit score. Choice C says to pay down her student loan and credit card debt.
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