Opening Up a New Credit Account Affords a High Probability

question 27

True/False

Opening up a new credit account affords a high probability of increasing your credit score.

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Definitions:

Capabilities

the qualities, resources, and skills that an organization or individual possesses, enabling them to perform effectively.

SWOT Analysis

A strategic planning tool that evaluates an organization's strengths, weaknesses, opportunities, and threats to assist in making informed decisions.

Productive Use

The application of a resource or tool in a manner that increases efficiency, effectiveness, or output.

Directives

Instructions or orders given by someone in authority, which are to be followed by others.