Which of the following steps will not help in improving your credit rating?
A) Pay all bills when due.
B) Increase the number of credit cards outstanding.
C) Obtain and review your credit report.
D) Plan future of credit.
E) All of the above steps will help in improve you credit rating.

Question

Quizplus · Accepted Answer

Increasing the number of credit cards outstanding could actually harm your credit rating, as it could indicate to lenders that you are relying too heavily on credit and may be a higher risk borrower. It is important to maintain a good balance of credit utilization and make consistent, timely payments to improve your credit rating.

Which of the Following Steps Will Not Help in Improving