The best way to maintain your credit rating is to:
A)use credit sparingly.
B)pay cash for your purchases.
C)repay your debts on time.
D)declare a Chapter 7 bankruptcy.
E)use as many credit cards as you can.

Question

Quizplus · Accepted Answer

Repaying debts on time is the best way to maintain a good credit rating. It shows responsible behavior and builds trust with creditors. Using credit sparingly and having a mix of different types of credit (like credit cards and loans) can also help, but not as much as consistently timely payments. Paying cash for purchases does not affect credit rating at all. Declaring bankruptcy will severely damage credit rating for several years. Using too many credit cards can lead to a high level of debt and missed payments, both of which can hurt credit rating.

The Best Way to Maintain Your Credit Rating Is To