If You Want to Improve Your Credit Score You Should

question 145

Multiple Choice

If you want to improve your credit score you should:

• A) get copies of your credit report.
• B) pay your bills on time.
• C) make sure you understand how your credit score is determined.
• D) beware of credit-repair scams.
• E) do all of these things.

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Definitions:

Full-Time Student

A student who is enrolled in a higher education institution for the number of hours or courses the school considers to be full-time attendance.

Own Support

Refers to the financial contribution made by an individual towards their own living expenses, potentially affecting tax filing status and dependency exemptions.

Exemption

Deductions allowed by law to reduce taxable income based on taxpayer and dependent information.

Gross Income Test

A criterion used by the IRS to determine if someone can be claimed as a dependent based on their gross income.