Question

1. which of the following can severely impact your credit score?

a. bankruptcies, foreclosures, and liens
b. a diverse mix of credit types
c. a high credit limit
d. a low credit utilization ratio

Explanation:

Bankruptcies, foreclosures, and liens are negative financial events that can severely damage a credit score. A diverse mix of credit types (b) is generally positive for a credit score as it shows the ability to manage different types of credit. A high credit limit (c) can be good if used responsibly (as it can lower the credit utilization ratio). A low credit utilization ratio (d) (credit used compared to credit available) is positive for a credit score as it indicates responsible credit use.

Answer:

A. Bankruptcies, foreclosures, and liens