question 4 / 10 which of the following statements is true? a. paying off your entire credit card balance can…

question 4 / 10 which of the following statements is true? a. paying off your entire credit card balance can lower your credit score. b. applying for several credit cards in one year can help increase your credit score. c. the longer you use credit responsibly, the higher your credit score will be. d. people with low credit scores are usually low - risk borrowers.

question 4 / 10 which of the following statements is true? a. paying off your entire credit card balance can lower your credit score. b. applying for several credit cards in one year can help increase your credit score. c. the longer you use credit responsibly, the higher your credit score will be. d. people with low credit scores are usually low - risk borrowers.

Answer

Brief Explanations:

Paying off credit - card balances on - time and responsibly is good for credit scores, so A is false. Applying for multiple credit cards in a year can lower your score due to hard inquiries, so B is false. People with low credit scores are considered high - risk borrowers, so D is false. Responsible long - term credit use builds a positive credit history, increasing the credit score.

Answer:

C. The longer you use credit responsibly, the higher your credit score will be.