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
Cows have best friends and can become stressed when they are separated from them.