Will each of the following factors help or hurt a borrower 's credit score Explain why Using a credit card and always making payments on time for 3 years Using over 90 of the credit limit on a credit card Opening 4 new credit cards over 6 weeks Canceling a credit card in good standing with a high m...

1 Using a credit card and always making payments on time for 3 years Help Consistently making ontime ...

Will each of the following factors help or hurt a borrower's credit score? Explain why. Using a

Fantastic news! We've Found the answer you've been seeking!

Question:

Will each of the following factors help or hurt a borrower's credit score? Explain why.

Using a credit card and always making payments on time for 3 years.
Using over 90% of the credit limit on a credit card.
Opening 4 new credit cards over 6 weeks
Canceling a credit card in good standing with a high maximum borrowing limit.

Related Book For answer-question

Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

See More Books

Posted Date: May 10, 2024 09:00 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
In Exercises 7681, find the domain of each function. g(x) = 4 x - 7
What is a quasi-experimental design? What is a nonequivalent control group?
Two resistors have resistances R1 and R2. When the resistors are connected in series to a 12.0-V battery, the current from the battery is 2.00 A. When the resistors are connected in parallel to the...
Some may argue that a company's financial bottom line is all important. Comment on this from the financial perspective of the balanced scorecard approach.
Campus Theater adjusts its accounts every month. The company's unadjusted trial balance dated August 31, current year, appears as follows. Additional information is provided for use in preparing the...
2 of 2 Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May. which included his initial investment of $20,000 cash. After those seven...
Answer the following questions concerning George's Tax return. (Canadian Taxation) 1) During 2020, Mega reimbursed George $3,788 for meals and entertainment with clients, $2,268 for hotels and $4,925...
Jose is at a fork road for its click-and-mortar fashion franchise chain under the name Groovy Vibes Fashion. He has sub-divided his customers into three segments based on their varying purchase...
TranscribedText: 192 193 Q4 Green Lid. has undertaken some inventory planning for one of its main raw materials. Inventory planning data is listed below Q4 sub 194 195 Working days per year 320 days...
Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is...
Using the article by Wickham, Lehman, and Fillis (2020), define the three factors that comprise the art product. Using examples published in online news sources, discuss how each of these factors can...
Mica Inc. began operations in October, 2014. During October, Mica sold ordinary shares for 600,000, earned revenue of 66,000, incurred expenses of 36,000, and paid dividends of 3,000. Calculate...
Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's...
Tell whether the angles or sides are corresponding angles, corresponding sides, or neither. AC and JK
Railway Oil and Gas Company owned the following unproved property as of the end of 2010: Although no activity took place on Lease A during the year, Railway decided that Lease A was not impaired,...
Latitude Energy decided to explore some acreage in Texas before acquiring any leases. Latitude acquired shooting rights only on 15,000 acres owned by Mr. T for $$0.10/acre. Latitude$ obtained...
Sauer Energy purchased land in fee for $100,000. The fair market values of the surface and mineral rights were determined by a qualified appraiser as follows: Prepare a journal entry to record the...

Will each of the following factors help or hurt a borrower's credit score? Explain why. Using a

Question:

Expert Answer:

1 Using a credit card and always making payments on time for 3 years Help Consistently making ontime ... View the full answer

Auditing and Assurance services an integrated approach

Students also viewed these finance questions