How can revovling debt change feom short term debt to long term debt A.Paying your utility bill with your checking account B.Financing collage C.Paying the minimumdue on your credit card each month D.Paying your bill in full each month

Respuesta :

Answer:

C) Paying the minimum due on your credit card each month

Explanation:

Credit cards are the most outstanding sort of revolving debt. With this, you obtain against a setup credit limit. For whatever length of time that you haven't hit your breaking point, you can continue acquiring.

The outsized effect on your FICO rating is, less because of credit usage. Credit usage estimates the parities you owe on your Visas comparative with the cards' credit limits. Both Vantage Score and FICO, two major credit scoring agencies, list acknowledge use as the second most noteworthy factor they think about when deciding FICO rating.