Answered

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Austin needs a vehicle to get to his new job. His loan application is denied due to his lack of credit history and time on the job. What would be the fastest way to get his loan approved

Sagot :

Parrain

Austin would need to build his credit score and one of the fastest ways of doing this is to get a credit card.

Credit cards are not as difficult to get and following certain guidelines in utilizing them can help increase a credit score faster such as:

  • Using less than 30% of the credit limit on your credit card
  • Paying on time and higher than you are required to to so as to keep the credit card balance low

These two factors - timely payments and credit utilizations - are very important in credit score calculations and will be sure to increase Austin's credit score fast.

In conclusion, Austin should get a credit card to get his loan approved faster.

Find out more at https://brainly.com/question/19442514.

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