Can a bank manager or financial planner answer these questions for me?
Asked by Lesley G
Can a bank manager or financial planner answer these questions for me? 1. What are the implications of having either a positive or negative credit history? (Ask for specific examples.) 2. What would constitute a responsible use of credit? 3. What are three (or more) inappropriate uses of credit? 4. When selecting a credit card, what factors should one consider?

Best Answer:
1. a positive credit history allows you to have lower interest on your loans or credit cards. Negative just the oposite or no credit at all. 2.Never borrow the max and paying the balance in full monthly. 3.To go over your limit, pay bill late, use your card to get more credit cards. 4. Interest rate.
Banker for over 25 years
Answered by Lucy Lu

1. Better history-loer int. and higher credit limit. Low is reverse 2. Responsible would be ll except cash withdrawals 3. Included above. And using many cards for all kinds of things. 4. Annual fee. All level of interest charges, time from bill date to last day to pay
Answered by ramkot