Which of the following actions can help build a positive credit history?

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Get ready for the Independent Living Credit Test. Study with multiple choice questions and flashcards, complete with hints and explanations. Prepare effectively for your exam!

Establishing a steady work record is significant in building a positive credit history because it demonstrates financial stability and reliability to potential lenders. When you have consistent employment, it shows that you have a reliable source of income to manage your debts and expenses. Lenders often look at employment history as an indicator of your ability to make timely payments on loans and credit obligations.

Maintaining employment also assists in your ability to consistently pay bills, which is a crucial factor in building and maintaining good credit. Regular income allows you to pay off credit balances and avoid late payments, both of which contribute positively to your credit score. Additionally, having a steady job can support your ability to qualify for credit products, as lenders typically prefer borrowers who have stable employment histories.

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