Question

decide how each action would affect your credit score.
you make more than minimum payments before the due dates.
you missed a credit card payment in november and paid a late fee.
you opened three new credit card accounts in a month.
your employer gave you a raise, so your income increased.
the balance on your credit card is close to the credit limit.

Explanation:

1. Timely, above-minimum payments improve payment history (key credit score factor).
2. Missed payments harm payment history; late fees signal risk.
3. Multiple new accounts raise credit inquiries and reduce average account age.
4. Income isn’t directly reported to credit bureaus, so no impact on credit score.
5. High credit utilization (balance near limit) negatively affects credit score.

Answer:

1. Increase
2. Decrease
3. Decrease
4. No effect
5. Decrease