Question

question 4
how many new accounts you have plays a role in your credit rating. in fact, too many new accounts usually hurt your credit rating. choose the example which shows too many new accounts.

a. you get one new credit card this year.

b. you get lots of offers for credit cards, and get five within a month! nice!

c. you only have a debit card.

d. you only use your one card for emergencies and pay it off every month.

Explanation:

We need to identify the option with an excessive number of new credit accounts opened in a short period, which fits the definition of "too many new accounts".

• Option A is only 1 new card, not excessive.
• Option B involves opening 5 credit cards in one month, which is a large number of new accounts in a short time.
• Option C has no new credit accounts, only a debit card.
• Option D uses an existing card responsibly, no new accounts.

Answer:

B. You get lots of offers for credit cards, and get five within a month! Nice!