who is a lender? 5 points a) a person or institution that loans money or credit to a borrower b) a person…

who is a lender? 5 points a) a person or institution that loans money or credit to a borrower b) a person who borrows money from a bank c) someone who manages a budget d) someone who only uses cash which action will most likely hurt your credit score? 5 points a) paying bills before the due date b) keeping credit utilization below 30% c) applying for multiple credit cards in the same week d) paying more than the minimum due

who is a lender? 5 points a) a person or institution that loans money or credit to a borrower b) a person who borrows money from a bank c) someone who manages a budget d) someone who only uses cash which action will most likely hurt your credit score? 5 points a) paying bills before the due date b) keeping credit utilization below 30% c) applying for multiple credit cards in the same week d) paying more than the minimum due

Answer

Brief Explanations:

A lender is defined as an entity that provides money or credit to a borrower. Paying bills early, keeping credit - utilization low, and paying more than the minimum due are positive credit - related actions. Applying for multiple credit cards in a short time can be seen as a sign of financial distress and may hurt the credit score.

Answer:

  1. A. A person or institution that loans money or credit to a borrower
  2. C. Applying for multiple credit cards in the same week