6
AssignmentMultiple Select

Managing Financial Information

Question 6 • Personal Finance - EL3403

What steps can Booker take to improve his credit score? Check all that apply.

Answer
A
make all of his loan and credit card payments on time
B
apply for more credit cards
C
check his credit history for accuracy
D
avoid making payments on his loans
E
find a second job to improve his income in order to pay off his debt more quickly

Explanation

Making loan and credit card payments on time builds a positive payment history, which is an important part of a credit score. Checking his credit history can help Booker find and correct errors that may be lowering his score. A second job could help him pay down debt more quickly; applying for more cards or avoiding loan payments would not reliably improve his score.

AI-written and checked against the verified answer.

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