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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

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

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

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