A financially-irresponsible person reacts quickly to financial problems before they ruin his credit score.

True

• False

False

Explanation:

A financially responsible person will be mindful of his or her credit score. When things are running as expected, they will counter-check their credit score once in a while to ensure there are no errors.

Should financial challengers occur, a financially responsible person will be interested in securing his credit score. They will act fast to pay a majority of their debts. Benefits of having good credit score include.

Good credit scores allow one to access credit from lenders with ease. A person with a good score will not be subjected to stringent vetting as compared to a person with a poor score. A good credit score is a basis for negotiating lower interest rates when borrowing.