Which are considered good credit practices? Check all that apply. Pay less than the minimum amount due. Make payments on or befo

Question

3 years ago

7

Which are considered good credit practices? Check all that apply. Pay less than the minimum amount due. Make payments on or befo

re the due date. Pay off the full amount with the first monthly statement. Have a plan of how you will repay the money. Choose the credit card with the highest interest rate.

Mathematics

2 answers:

Margaret [11] · Answer 1 · 2022-01-20T02:18:45+03:00

Answer:

Make payments on or before the due date; Pay off the full amount with the first monthly statement; Have a plan of how you will repay the money.

Explanation:

Good credit practices will help build your credit.

You must pay at least the minimum amount due each month in order to avoid late fees and derogatory marks on your credit report. This means the first option is not correct.

Making payments on or before the due date will keep your account in good standing. This option is correct.

Paying off the full amount with the first monthly statement, while it does not help y

our credit score much, will keep your account in good standing. This option is correct.

Having a plan of how you will repay the money you borrow is essential before you start borrowing. This option is correct.

Choosing the credit card with the highest interest rate will cause you to pay more over the lifetime of the balance. This is not something you want; this option is not correct.

PilotLPTM [1.2K] · Answer 2 · 2022-01-20T03:57:43+03:00

PilotLPTM [1.2K]3 years ago

5 0

Answer:

B,C and D

Step-by-step explanation: