Question

Arthur just bought his first car. How can he use this to positively affect his credit score? (5 points) By purchasing good collision insurance By making all his monthly payments on time With a good habit to arrive on time By using an environmentally friendly vehicle​

Answer 1

he uses this to positively affect his credit score by y making all his monthly payments on time. Thus the correct answer is B.

What is a credit score?

A three-digit figure known as a credit score is used to evaluate your likelihood of making on-time payments on your debts. A borrower will appear better to potential lenders if their score is higher. The foundation of a credit score is credit history.

To maintain good credit history it is essential to make timely payments to avoid any mischief and maintain a positive reputation in the market.

Therefore, option B is appropriate.

Learn more about credit scores, here:

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