Building a Strong Credit History (By Making Timely Payments) When

question 73

Multiple Choice

Building a strong credit history (by making timely payments) when you are in college and beginning your career is

• A) unwise as you will have to pay interest on the deferred amounts.
• B) wise so that when you are ready to make major purchases like a car and a home, you can obtain favorable interest rates.
• C) unwise; only buy what you can afford to pay with cash.
• D) Both A and C are correct.