To build a credit history, a person could:
A Establish a steady employment record
B File his or her federal income taxes on time
C Use an ATM several times a month
D Request to view her or his credit file
No, requesting to view your credit file does not build credit history. It is important to demonstrate responsible credit behavior, such as making on-time payments, keeping credit utilization low, and using a mix of credit types. Some ways to build credit history include:
- Opening a credit card or loan account and making timely payments
- Being added as an authorized user on someone else's credit card account (with their permission)
- Applying for a secured credit card, which requires a cash deposit that serves as collateral
- Taking out a credit-builder loan or personal loan and making on-time payments
Additionally, having a steady employment record and filing taxes on time can show stability and responsibility, which may reflect positively on a credit report. Using an ATM several times a month does not impact credit history.
A Establish a steady employment record and B File his or her federal income taxes on time are two options that can help build credit history indirectly. However, the most effective way to build credit history directly is to apply for and use credit responsibly (such as a secured credit card or credit-builder loan) and make on-time payments.
C Using an ATM several times a month is not a method for building credit history.
D Requesting to view your credit file does not directly build credit history, but it is important to regularly check your credit report to ensure accuracy and identify any potential errors or fraudulent activity.
Yes, this is correct.
D Request to view her or his credit file
is this correct
To build a credit history, a person could:
A Establish a steady employment record
B File his or her federal income taxes on time
C Use an ATM several times a month
D Request to view her or his credit file
is this correct
To build a credit history, a person could:
A Establish a steady employment record
B File his or her federal income taxes on time
C Use an ATM several times a month
D Request to view her or his credit file
Choose one
A. Establish a steady employment record can indirectly help build credit history.
To build a credit history, a person could consider A, B, and D options. Here's an explanation for each option:
A. Establish a steady employment record: Lenders prefer borrowers who have a stable source of income, as it shows that they are capable of repaying debts. By having a consistent employment record, a person demonstrates financial stability and increases their chances of being approved for credit.
B. File federal income taxes on time: This is important because lenders may review an individual's tax history to assess their financial responsibility. Filing taxes on time indicates financial responsibility and can positively impact creditworthiness.
C. Use an ATM several times a month: While using an ATM may be convenient, it does not directly contribute to building credit history. ATM transactions are typically related to accessing cash from a bank account and do not have an impact on credit reporting agencies or credit scores.
D. Request to view their credit file: This is a useful step to monitor one's credit history and understand how credit behavior impacts their credit score. By reviewing their credit file, individuals can identify any errors or discrepancies and take appropriate action to correct them. However, simply requesting to view the credit file does not by itself contribute to building a credit history.
In summary, options A (establishing a steady employment record), B (filing federal income taxes on time), and D (requesting to view credit file) are the most effective ways to build a credit history.