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?\n\nshe should take out more debt to improve her credit score.\n\nshe should pay down her student loan and credit card debt.\n\nshe should apply for more credit cards to improve her credit history.\n\nshe 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?\n\nshe should take out more debt to improve her credit score.\n\nshe should pay down her student loan and credit card debt.\n\nshe should apply for more credit cards to improve her credit history.\n\nshe should get a second job to make more money.

Answer

Brief Explanations:

To improve creditworthiness, reducing existing debt (like student loans and credit card debt) is a key factor. Taking on more debt (first option) or applying for more credit cards (third option) can harm credit. A second job (fourth option) increases income but doesn't directly improve creditworthiness. Paying down debt shows responsible credit use and lowers debt - to - income ratio, which is crucial for creditworthiness.

Answer:

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