What are the two most important factors in calculating your credit score?
Payment history and total debt
Heather realized she has taken out too much debt and it has started to negatively impact her ability to budget. She has decided to pay off this debt in full as soon as possible. All of the following would be beneficial strategies EXCEPT…
Applying for another credit card to use in case she runs out
It may be more difficult for young people to borrow because they have less payment history for a lender to rely upon
True
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