QUESTION IMAGE
Question
explaining how to raise credit scores
what are some appropriate steps to take to rebuild credit after filing for bankruptcy? choose three correct answers.
monitor your credit score and report
stick to an effective budget.
pay all bills on time.
keep credit utilization high and with a mixture of credit types.
apply for a new job.
Brief Explanations
To rebuild credit after bankruptcy:
- "Monitor your credit score and report" helps track progress and identify errors.
- "Stick to an effective budget" ensures financial discipline to meet obligations.
- "Pay all bills on time" is crucial as payment history heavily impacts credit scores.
- "Keep credit utilization high..." is incorrect (low utilization is better).
- "Apply for a new job" is unrelated to credit rebuilding.
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A. Monitor your credit score and report, B. Stick to an effective budget, C. Pay all bills on time