As a young adult, all of the following are good strategies for building credit, EXCEPT:*1 pointOpen a credit card, with your parent or guardian as a cosignerOpen a checking account, and start using a debit cardBecome an authorized user on a credit card used by your parent or guardianOpen and use a secured credit card

Melvin is 19 years old and wants to begin establishing a credit history. Which action should he take to meet that goal?*1 pointAlways say "credit" when asked "credit or debit?" at a storeAsk his parents to cosign a credit card or add him as an authorized user on their credit cardAny time he borrows money from a friend or family member, be sure to pay it back promptlyTake out some private student loans, even though he doesn't need them because he has grants and scholarships

Which of the following will help you have a good credit score?Group of answer choicesOpening a lot of credit accounts.Keeping your balance at the maximum available amount of credit.Paying off your debt as quickly as possible.All of the above

A good credit-management strategy can be demonstrated by:A.paying only the minimum monthly payment due on credit cards each month.B.applying for several credit cards from banks and stores.C.applying for a payday loan to finance an expensive vacation.D.paying the full balance on the statement by the due date each month.

Each of the following financial products will help you build a credit history EXCEPT...*1 pointSecured credit cardDebit cardAuto loanCredit card

Opening a lot of credit accounts.   Keeping your balance at the maximum available amount of credit.   Paying off your debt as quickly as possible. Good job!  All of the above