last month you forgot to pay your credit card bill. this month you made two payments in order to catch up…
last month you forgot to pay your credit card bill. this month you made two payments in order to catch up. how will this affect your credit score? choose 1 answer: a it will increase the credit score. b it will decrease the credit score. c the credit score will not change.
Answer
Brief Explanations:
Missing a credit - card payment last month is a negative event for credit scores. Making two payments this month to catch up does not reverse the negative impact of the late payment. Late payments are reported to credit bureaus and can stay on credit reports for up to seven years, negatively affecting credit scores.
Answer:
B. It will decrease the credit score.