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true of false?

debt only happens when a person doesn't pay a bill

clearing debt will in prove work credit in 7 years guaranteed.

a secure card will improve your credit.

you can fix your credit by your self.

4 Answers

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  • 2 years ago

    False.

    Debt happens the second someone loans you money.

    Not paying debt is what gets you in trouble. Having too much debt is what gets you in trouble. Having debt you can manage and then managing that debt is what builds a credit rating.

  • ?
    Lv 7
    2 years ago

    1. False. Debt also happens when you borrow money for things such as a mortgage, student loan, auto loan, etc.

    2. False. Paying off old debt won't improve your credit if you're still mishandling new debt.

    3. Can be true or false. It depends on how you use the card. Use it responsibly, it can help. Use it irresponsibly and it will hurt.

    4. True. Not only can you fix your credit by yourself, you are in fact the only one who can fix your credit.

  • 2 years ago

    debt only happens when a person doesn't pay a bill - FALSE. Debt is any loan or mortgage you may have.. Its not necessary a bad thing. Not making the repayments is a bad though

    clearing debt will in prove work credit in 7 years guaranteed - False - not necessarily guaranteed. see above comment about debt not necessary being bad. You are talking about BAD credit rather than debt. You can have a car loan and a mortgage so you are in debt. But that is not bad. Most adults are in debt.

    a secure card will improve your credit - True - having a credit card CAN help improve your credit rating, proving you never pay late and never miss a payment

    you can fix your credit by your self - True, although you it will take time.

  • 2 years ago

    debt only happens when a person doesn't pay a bill. FALSE. DEBT IS MONEY YOU OWE, EVEN IF YOU ARE MAKING PAYMENTS.

    clearing debt will in prove work credit in 7 years guaranteed. QUESTION DOESN'T MAKE SENSE.

    a secure card will improve your credit. YES! AS LONG AS YOU ONLY USE UP TO 40% OF THE CREDIT LINE AND PAY IT OFF IN FULL AND ON TIME EVERY MONTH

    you can fix your credit by your self. YES. PAY ON TIME, PAY CC OFF ON TIME EACH MONTH AND DON'T OVERSPEND.

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