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Your credit record never shows how promptly you pay your bills. True False

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Your credit record never shows how promptly you pay your bills.
True
False

Your credit record never shows how promptly you pay your bills. True False

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LeonieMaster · Tutor for 5 years

Answer

False

Explain

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.
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