Asked by
Technical ProDucTion
on Dec 02, 2024
Verified
Making late payments on credit cards can increase your credit score.
Credit Score
A quantitative assessment derived from a person's credit reports that indicates how creditworthy they are.
Late Payments
Financial obligations not met by the due date, often resulting in extra charges or penalties.
- Understand the impact of late payments on credit scores.
Verified Answer
WS
Learning Objectives
- Understand the impact of late payments on credit scores.