Riley has had the same credit card for 10 years. She has $8000 in available credit and usually charges $300 per month. She pays her bills on time and owes $500 on a car worth $7500. Which is most likely to occur? A. Her application for a new credit card will be denied. B. She will have a high credit score. C. She will pay a high rate for insurance. D. Her application for a mortgage will not be approved.

Question

Bruno Bonilla

Mathematics

11 April, 03:26

Riley has had the same credit card for 10 years. She has $8000 in available credit and usually charges $300 per month. She pays her bills on time and owes $500 on a car worth $7500. Which is most likely to occur? A. Her application for a new credit card will be denied. B. She will have a high credit score. C. She will pay a high rate for insurance. D. Her application for a mortgage will not be approved.

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Answers (1)

Know the Answer?

Jenny Aguirre · Answer 1

The answer is B because that is the only logical answer when you stop and think about it because banks run off of trust basically and if you pay off you credit card and keep all your bills kept up then your credit will build up really good,

I know all this because I have a friend who's mom won't quit bugging me to get a bank account.