INCORRECT!
Not the right choice, but managing credit utilization is a key factor in a good score!
“Credit is a system whereby a person who cannot pay gets another person who cannot pay to guarantee that he can pay.” – Charles Dickens
Need A Hint?
Credit utilization refers to the percentage of available credit you're using. A high utilization rate (above 30%) can negatively impact your credit score, as lenders may see it as a sign of financial distress. Keeping utilization low, ideally below 10%, can improve your score and signal responsible credit management.
Did You Also Know...
By Quiz Coins
Did you know that Ngerulmud, the capital of Palau, is one of the least populated capitals in the world? It has fewer than 500 residents and is located on the island of Babeldaob.