anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she…

anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage. what is the best thing she can do to improve her creditworthiness? she should take out more debt to improve her credit score. she should pay down her student loan and credit card debt. she should apply for more credit cards to improve her credit history. she should get a second job to make more money.

anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage. what is the best thing she can do to improve her creditworthiness? she should take out more debt to improve her credit score. she should pay down her student loan and credit card debt. she should apply for more credit cards to improve her credit history. she should get a second job to make more money.

Answer

Brief Explanations:

Paying down debt (student loan and credit card debt) directly impacts creditworthiness positively. Taking on more debt (either via loans or credit cards) can harm credit if not managed perfectly (which is risky), and getting a second job mainly affects income (not directly credit - though more income can help pay debts). Creditworthiness is highly influenced by debt - to - income ratio and payment history. Paying down existing debts improves the debt - to - income ratio and shows responsible financial behavior (good payment history if paid on time).

Answer:

She should pay down her student loan and credit card debt.