Of the following statements, which one or ones describe actions harmful to your credit score? i. owing a lot of money ii. having many lines of credit iii. making steady payments
a. i and ii
b. ii only
c. i and iii
d. i only

The correct option is A

The standard credit score is used worldwide to make loan decisions. A credit score is used to make credit decisions and this score is calculated based on information contained in consumer credit reports filed with the credit reporting agencies. It is also used by business owners to assess the credit risk of other companies and to verify whether shareholders comply with their personal payments on time.

a: social security and social programs