Question

How can a positive credit history help you long term? (1 point)

You will need a co-signer to borrow money.

Companies will charge you more interest on loans because you can afford it.

You will save money on loans, credit cards, and other bills.

You will pay more for car insurance.

Answer 1

[AI-generated answer — Bot GPT 3.5]

You will save money on loans, credit cards, and other bills. This is because having a positive credit history shows lenders that you are a responsible borrower, making you less of a risk to lend money to. As a result, you may qualify for lower interest rates and better terms on loans and credit cards, ultimately saving you money in the long run.