True or false? A steady employment record negatively impacts a person's credit history.

A steady employment record does not negatively impact a person's credit history; rather, it can have a positive influence. Lenders often consider consistent employment a sign of stability and reliability, which can enhance creditworthiness. When individuals have a stable job history, it suggests they are likely to have a consistent income, making it easier for them to meet their financial obligations, such as loan repayments or credit card bills.

In contrast, employment gaps or unstable job history might raise concerns for lenders about a person's ability to repay debts. Therefore, a steady employment record is generally viewed favorably and contributes positively to an individual's overall financial profile.