The first misconception is that the balance shouldn't be paid off in full in order to boost the credit score. This is simply not true. You can pay off all of the balance and it will actually improve the score. The score reflects the ability to pay borrowed money back. A credit card is basically a micro-loan of sorts. So if George pays off the balance, he's paying back the credit card company and that tells the company (and others) that his ability to pay is good. Plus it tells about his priorities which is what the credit score indirectly indicates. Other companies will see that George can pay the money back, so they'll be more eager to lend to him.
The other misconception is that being late is fine and improving the payment habits is what brings up the score. This is murky gray area and somewhat true but also somewhat false. What happens is that if you are late then your score goes down by some amount. When you improve the payment habits, the score goes back up. Whether it goes back to the original value or larger depends on the situation. So the second claim George makes is technically true, but there's broader context to consider. It's similar to how if you shoot yourself in the foot in some videogame, and then let your foot heal up, then you're increasing health points. The first act shouldn't have needed to happen and it reflects a weird backwards thinking. If anything, it wastes time where George could have simply been improving the score (rather than decrease it only to increase it back).
The reality is that keeping up with the payments in a timely fashion is what keeps the credit score healthy. Once again, the score reflects someone's ability to pay back borrowed money. It applies to any kind of loan, which a credit card is a part of.
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In short, George is mistaken by two claims he makes
- Not paying off the balance in full improves the credit score
- Being late on payments, and then improving payment habits, will increase the credit score
When in reality keeping up with payments and paying off the balance will improve the credit score. There's no need to hinder oneself on purpose in the goal of improving from that contrived setback.
Side note: the credit card company wants you to carry a balance so they can charge interest on said balance. That's how they make most of their money. However, even if you go against the wishes of the credit card company, they won't ding you credit score points for paying off the balance in full.
Answer:
The expected number of adult workers with a high school diploma is 4 out of 10
Step-by-step explanation:
4 out of 10 = 40%
Answer:
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Answer:the last box
Step-by-step explanation:the other ones wouldnt make any sense
Answer:
(b) x ≤ -4
Step-by-step explanation:
There are a few things to note when reading an inequality on a number line.
The number line would contain the following:
i. <em>circles</em>: These can be closed or open. Closed circles are denoted by a shaded small circle showing that the point or number shown on the number line is included in the inequality. Open circles are denoted by an unshaded small circle showing that the point or number shown on the number line is not included in the range of inequality.
ii. <em>arrows</em>: An arrow can point to the right or left. When it points to the right, that means the values greater than the number specified on the number line are included in the range. When it points to the left, the values less than the number are included.
From the given number line,
The type of circle is a closed circle since it is shaded. This means that the number pointed at on the number line (-4 in this case) is included in the range.
Also, the arrow is pointing leftwards. This means that values less than the number pointed at (-4 in this case) are included in the range.
Therefore, the inequality should read,
x ≤ -4
This shows that all values of x less than or equal to -4 are included in the range.
