The best policy regarding credit is
A)always go for the highest credit limit possible.
B)always make the minimum payment.
C)maximize debt payments based on your cash flow.
D)take steps to increase your credit score.

Question

Quizplus · Accepted Answer

Taking steps to increase your credit score is the best policy regarding credit. A good credit score helps in getting better interest rates and higher credit limits. This can save you money in the long run and provide you with better loan options. It is always advisable to monitor your credit score regularly and take necessary actions to improve it. Options for improving credit score include making timely payments, keeping credit balances low, and checking for errors in credit reports. The other options (A, B, C) are not advisable as they can lead to debt accumulation and financial strain.

The Best Policy Regarding Credit Is