which of the following is a strategy for using credit wisely while improving your credit score? a. pay off…

which of the following is a strategy for using credit wisely while improving your credit score? a. pay off your credit card in full each month. b. use as much of your total available credit as you can. c. pay exactly the minimum payment on your credit cards each month. d. avoid using your credit card. please select the best answer from the choices provided

which of the following is a strategy for using credit wisely while improving your credit score? a. pay off your credit card in full each month. b. use as much of your total available credit as you can. c. pay exactly the minimum payment on your credit cards each month. d. avoid using your credit card. please select the best answer from the choices provided

Answer

Brief Explanations:

Paying off credit - card in full each month shows responsible credit use. It reduces debt - to - credit ratio and on - time payments boost credit score. Using a large portion of available credit (B) raises debt - to - credit ratio negatively. Paying only the minimum (C) can lead to high interest and debt accumulation. Avoiding credit card (D) doesn't allow building credit history.

Answer:

A. Pay off your credit card in full each month.