All of the following are useful ways to build a strong credit rating except
A)Open checking and savings accounts.
B)Open and use a charge account.
C)Apply for a long-term loan and occasionally be late with a payment.
D)Make payments on time.
E)Talk with the lender if you foresee difficulty in making a payment.

Question

Quizplus · Accepted Answer

Being consistently late with loan payments can damage your credit rating, so applying for a long-term loan and occasionally being late with a payment is not a useful way to build a strong credit rating. Opening checking and savings accounts, using a charge account responsibly, making payments on time, and communicating with lenders if you foresee difficulty in making a payment are all useful ways to build a strong credit rating.

All of the Following Are Useful Ways to Build a Strong