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
The unicorn is Scotland’s national animal, symbolizing purity, strength, and freedom. It has appeared on the country’s coat of arms since the 12th century.