Question

ellis recently experienced financial difficulties that resulted in a negative credit history. he now realizes the importance of reestablishing a positive credit history to secure better financial opportunities and stability.
what steps can ellis take to rebuild and maintain a positive credit history?

open new credit accounts to increase his total credit available.

check credit reports regularly for errors and dispute inaccuracies.

avoid the use of credit cards altogether to prevent the risk of debt.

close existing accounts and lines of credit to start with a clean slate.

Explanation:

To rebuild credit, checking credit reports for errors (and disputing inaccuracies) is a valid step. Opening new accounts recklessly (when credit history is negative) is unwise. Avoiding all credit cards isn't helpful for building credit. Closing existing accounts can hurt credit utilization ratio. So the correct step is checking credit reports regularly.

Answer:

B. Check credit reports regularly for errors and dispute inaccuracies.