a way to build good credit is using only secured loans. taking out many lines of credit. paying bills when…
a way to build good credit is using only secured loans. taking out many lines of credit. paying bills when they are due. using only credit cards.
Answer
Answer:
paying bills when they are due.
Explanation:
Step1: Analyze secured loans
Using only secured loans doesn't directly build good credit. It just means the loan has collateral.
Step2: Analyze multiple credit lines
Taking out many lines of credit can increase credit - risk perception if not managed well and may not build good credit.
Step3: Analyze bill - paying
Paying bills on time shows financial responsibility and is a key factor in building good credit.
Step4: Analyze credit - card use
Using only credit cards doesn't guarantee good credit. It depends on how the cards are used and paid off.