Question

value: 4
which of the following is a characteristic of good credit?
a. making late payments
b. going over the credit limit
c. missing payments
d. making at least the minimum payment required

Explanation:

To determine a characteristic of good credit, we analyze each option:

• Option a: Making late payments negatively impacts credit as it shows unreliability in meeting payment deadlines.
• Option b: Going over the credit limit is a sign of poor credit management and can harm one's credit score.
• Option c: Missing payments is a major red flag for creditors and severely damages creditworthiness.
• Option d: Making at least the minimum payment required on time is a responsible credit behavior that contributes to good credit, as it shows the ability to meet financial obligations.

Answer:

d. Making at least the minimum payment required