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QuizMultiple Choice

Understanding College Savings — Unit test

Question 1 • SNHS NV-Civics and Economics

Companies report people to credit agencies if they

Answer
A
fail to pay their bills on time.
B
borrow too much money.
C
fail to use different types of credit.
D
use large amounts of credit at once.

Explanation

Companies may report missed or late payments to credit agencies, and those reports can lower a person’s credit score. Simply borrowing a lot, using only one type of credit, or making a large purchase does not by itself mean a company will report someone negatively; the key issue is failing to pay bills on time. The correct choice is “fail to pay their bills on time.”

AI-written and checked against the verified answer.

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