False. The only way to improve your credit rating is by establishing a long-term record of paying bills on time and using credit wisely.
True. Keeping a low balance due is one way to improve your score, but paying moderate amounts of debt on time is considered better than no debt at all.
True. When cosigning, you agree to take on the other person’s debt if he or she fails to make payments.
False. To have a score, you must use credit responsibly. If you’re just starting out, your score may be lower than someone who has built up credit.
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