decide how each action would affect your credit score. you make more than minimum payments before the due…

decide how each action would affect your credit score. you make more than minimum payments before the due dates. you missed a credit card payment in november and paid a late fee. you opened three new credit card accounts in a month. your employer gave you a raise, so your income increased. the balance on your credit card is close to the credit limit.

decide how each action would affect your credit score. you make more than minimum payments before the due dates. you missed a credit card payment in november and paid a late fee. you opened three new credit card accounts in a month. your employer gave you a raise, so your income increased. the balance on your credit card is close to the credit limit.

Answer

Brief Explanations:

  1. Making more than minimum payments before due dates shows good credit - management and positively impacts the credit score.
  2. Missing a credit - card payment and paying a late fee is a negative factor and lowers the credit score.
  3. Opening multiple new credit - card accounts in a short time can be seen as a risk and may lower the credit score.
  4. An increase in income due to a raise does not directly affect the credit score as credit scores are based on credit - related behavior, not income.
  5. Having a credit - card balance close to the credit limit indicates high credit utilization, which is a negative factor and can lower the credit score.

Answer:

  1. Increase credit score
  2. Decrease credit score
  3. Decrease credit score
  4. No effect on credit score
  5. Decrease credit score