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Question
which would decrease your credit score? check all that apply.
□ a decrease in income
□ an increase in debt amount
□ a missed payment
□ a late payment
□ a long credit history
Brief Explanations
- A decrease in income does not directly impact credit scores (lenders may consider it but it's not a scoring factor).
- Higher debt increases credit utilization, lowering scores.
- Missed/late payments harm payment history, a key scoring factor.
- Long credit history typically improves scores.
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an increase in debt amount, a missed payment, a late payment