Building a strong credit history (by making timely payments) when you are in college and beginning your career is
A) unwise as you will have to pay interest on the deferred amounts.
B) wise so that when you are ready to make major purchases like a car and a home, you can obtain favorable interest rates.
C) unwise; only buy what you can afford to pay with cash.
D) Both A and C are correct.

Question

Quizplus · Accepted Answer

Building a strong credit history through timely payments is beneficial for securing favorable interest rates on major purchases in the future, such as a car or a home.

Building a Strong Credit History (By Making Timely Payments) When