jill wants to buy a new car and apply for a car loan. she checked her credit report and credit score. her…

jill wants to buy a new car and apply for a car loan. she checked her credit report and credit score. her credit score is 720. although it is good, she wants to improve it. which should jill do to increase her credit score? open new credit card accounts. use at least 70% of her credit limit. pay off her credit card debt. skip a credit card payment.

jill wants to buy a new car and apply for a car loan. she checked her credit report and credit score. her credit score is 720. although it is good, she wants to improve it. which should jill do to increase her credit score? open new credit card accounts. use at least 70% of her credit limit. pay off her credit card debt. skip a credit card payment.

Answer

Brief Explanations:

Opening new credit card accounts can initially lower score due to hard - inquiries. Using 70% of credit limit shows high credit utilization which is bad. Skipping a payment is a negative mark. Paying off credit card debt reduces credit utilization and shows responsible credit management, improving the credit score.

Answer:

Pay off her credit card debt.