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AssignmentMultiple Select

Managing Financial Information

Question 4 • Personal Finance - EL3403

Why is it important to check your credit history? Check all that apply.to track my current debtto determine whether I need a loanto ensure that the information is correctto monitor my credit scoreto decide which bills to payto plan for future investments

Answer
A
to track my current debt
B
to determine whether I need a loan
C
to ensure that the information is correct
D
to monitor my credit score
E
to decide which bills to pay
F
to plan for future investments

Explanation

A credit history shows your reported accounts and balances, so checking it can help you track current debt. It also lets you catch errors in the information and monitor your credit score. It is not a tool for deciding which bills to pay or planning investments.

AI-written and checked against the verified answer.

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