Respuesta :
The least important factor In maintaining a healthy credit score is C) Knowing your exact credit score. Whilst it is helpful to know exactly where you stand when making decisions that can be affected by your score, this is not an essential for ensuring it remains healthy.
The correct option is (C). Knowing the exact credit score is least important to maintaining a healthy credit score.
Further Explanation:
Credit score: A credit score represents the creditworthiness of an individual based on their financial transaction history. If a person has a sound and on-time payment records, then he would have a high credit score and vice versa.
A low credit score means that a person is not paying their bills and dues on time. The credit score is used by the lenders to assess the capability of the borrower to repay the debt. Generally, lenders do not prefer to lend money to the person with a low credit score.
Maintaining a high credit score:
A high credit score can A low in the following cases:
- The Payment of the minimum credit card dues on time.
- The advance payment of the entire balance.
- Lump-sum payment of the total credit card balance
- Increase the use of the credit card.
Justification for the correct and incorrect option:
A.
Make on-time payments:This is an incorrect option.
The credit score will increase when the cardholder will make timely payment.
B.
Check your credit report annually: This is an incorrect option.
Checking the credit report will help in taking future actions.
C.
Know your exact credit score:This is the correct option.
The credit score does not help in increasing the credit score.
D.
Fix inaccurate information on your credit report:This is an incorrect option.
The fixing of incorrect information can increase the credit score.
Learn more:
1. Learn more about the money you own to credit card company
https://brainly.com/question/8750254
2. Learn more about the common credit card fee
https://brainly.com/question/1124275
3. Learn more about the on-time payment of credit card balance
https://brainly.com/question/6453895
Answer details:
Grade: Senior School
Subject: Accounting
Chapter: Money & Banking
Keywords:action, least, important, maintaining, healthy credit score, on-time payment, Check, credit report, annually, Know, exact, credit score, fix, inaccurate, information, your credit report.
