To establish creditworthiness you probably should first
A)open savings and checking accounts.
B)use credit extensively.
C)arrange a small loan.
D)pay cash for all purchases.
E)arrange a large loan from close relatives.

Question

Quizplus · Accepted Answer

Opening savings and checking accounts is a good first step towards establishing creditworthiness as it demonstrates responsible money management and can potentially lead to obtaining a credit card or other types of loans in the future. It is not advisable to use credit extensively or arrange a large loan from close relatives as these actions can lead to debt and financial strain. Paying cash for all purchases does not establish credit. Arranging a small loan may be an option, but it is not necessary to establish creditworthiness.

To Establish Creditworthiness You Probably Should First