Question

Debbie is curious about her credit score. Which of the following scenario will LEAST negatively impact a credit score?

A) consistently making late payments
B) keeping a high balance on her credit cards
C) having a short credit history
D) keeping only one type of credit

Answer 1

I believe the answer is: D. keeping only one type of credit

Keeping only one type of credit indicates that the majority of your assets are not built through Debt. This would make you seem to be both financially responsible person and belong in high economic bracket, which would reflected positively on your credit card.