Question
Your credit record never shows how promptly you pay your bills. True False
Answer
4
(249 Votes)
Leonie
Master · Tutor for 5 years
Answer
False
Explanation
Your credit record or credit report actually does show how promptly you pay your bills. It keeps a track of your payment history. In fact, this is one of the key factors that show your creditworthiness to possible future creditors, because consistency and punctuality in payment offers a positive indication of reliable and responsible debt management. Late payments and defaults negatively affect your credit score. Thus, the statement is false.