1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dahasolnce [82]
4 years ago
11

Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?

Geography
2 answers:
olganol [36]4 years ago
5 0

Answer:

Simply because... with a long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. Nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. Having just a short credit history doesn't show 'trends' or patterns of (perhaps) persistent late payments.

Explanation:

SOVA2 [1]4 years ago
4 0

Answer:

A long history with corrected blemishes exhibits that though mistakes were made, they were corrected which allows for those viewing your credit history to know that you've learned to fix mistakes making you trustworthy and experienced. Meanwhile, a short clear history doesn't provide enough information and dose't show what could happen overtime and how you would handle it.

Explanation:

Whether you’ve had credit for six months or 20 years can make a big difference in your credit score.  A long track record without any major slip-ups suggests that your credit behavior will be similar in the future — and lenders and credit card issuers like that. Being an authorized user on an old, established account in which the primary cardholder has excellent credit may help your score a little, but the passage of time during which you build or maintain good credit helps the most.  Keep the length of credit history in perspective: It’s only one element influencing your credit score, and not the most important one at that.

You might be interested in
Which are practical examples of how a person can start to reduce the amount
yKpoI14uk [10]

Answer: i am 99% sure it is A

Explanation:

6 0
3 years ago
We know that the earth is rotating on its axis. why can we not feel it ?
marishachu [46]
Because of gravity... if you want a more detailed answer look it up on google!
8 0
3 years ago
Heat Islands - areas of increased temperature due to a high amount of concrete - occur
cupoosta [38]

Answer:

Heat Islands occur in cities.

Explanation:

The cities, especially the large ones, have managed to totally transform the natural landscape and create something that can not be found in nature. Humans have created large areas with very large populations. This has resulted in the extensive building, pilling up of certain materials, industry, traffic, blocking of winds, pollution, etc.

All of the aforementioned things have managed to create a micro-climate when it comes to the cities, differing from the climate in the surrounding area. Something that is often a characterisitc of the micro-climate in the large cities is the so-called ''heat island''. Basically, the materials that dominate in the cities, like concrete, asphalt, and glass, all manage to amplify the effect of the sun, accumulating and radiating heat, making the cities unbearably hot in some parts of the year.

8 0
3 years ago
Explain valence electrons.
aalyn [17]
Valence electrons, then, are electrons in the outermost shell of the atom that determine an atom's or group's ability to bond with others. In chemistry, a group refers to two or more atoms that are specifically arranged.

Hoped that helped
4 0
3 years ago
What is the tax of $2.99
VashaNatasha [74]
The tax to $2.99 would be the extra 1 cent you would have to pay so that it would become $3.00. Additional tax may be added like 6 cent or something but that only depends on the store or place you go to.
3 0
3 years ago
Read 2 more answers
Other questions:
  • One aspect of Korean life that is not derived from Asia is _____.
    11·1 answer
  • HELP PLEASE!!!!!!!!
    13·1 answer
  • What kinds of evidence do Geographers use
    7·2 answers
  • Which of the following is the best example of a political conflict?
    12·1 answer
  • Reason why soil erosion occur
    12·1 answer
  • A postindustrial society has moved towards _____ industries
    14·2 answers
  • How do East Asia's rivers contribute to the region’s economic development?
    5·1 answer
  • The euro is the new currency of Denmark.<br> True/False
    5·1 answer
  • This picture represents the area, shape, and size of a country or
    13·1 answer
  • CAN ?? SOMEONE ?? HELP ?? ME WITH THIS??
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!