Economics · Credit Management
The most critical step in managing the credit score for a customer whose credit report shows multiple defaults 3 years ago but whose score has now recovered to 720 is to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Apply for three new credit cards to increase the total limit.
- 2Dispute the past defaults to have them removed entirely.
- 3Ensure 100% of all current and future payments are made on time.✓
- 4Pay off all outstanding debt at once with a new loan.
Correct answer
Ensure 100% of all current and future payments are made on time.
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