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21 October, 04:19

A financially-irresponsible person reacts quickly to financial problems before they ruin his credit score.

True

• False

+3
Answers (1)
  1. 21 October, 06:01
    0
    False

    Explanation:

    A financially responsible person will be mindful of his or her credit score. When things are running as expected, they will counter-check their credit score once in a while to ensure there are no errors.

    Should financial challengers occur, a financially responsible person will be interested in securing his credit score. They will act fast to pay a majority of their debts. Benefits of having good credit score include.

    Good credit scores allow one to access credit from lenders with ease. A person with a good score will not be subjected to stringent vetting as compared to a person with a poor score. A good credit score is a basis for negotiating lower interest rates when borrowing.
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