Questions: What is one method for monitoring credit? a. Using social media surveys b. Requesting a free credit report annually from major credit bureaus c. Only checking credit when applying for loans d. Ignoring credit scores.

The answer is B: requesting a free credit report annually from major credit bureaus.

Explanation for each option:

a. Using social media surveys: This is incorrect. Social media surveys are not a reliable or secure method for monitoring credit. They do not provide accurate or comprehensive information about an individual's credit history or score.

b. Requesting a free credit report annually from major credit bureaus: This is correct. In the United States, individuals are entitled to one free credit report per year from each of the three major credit bureaus (Equifax, Experian, and TransUnion). This allows individuals to monitor their credit history, check for inaccuracies, and identify any signs of identity theft.

c. Only checking credit when applying for loans: This is incorrect. While checking credit when applying for loans is important, it is not sufficient for ongoing credit monitoring. Regularly reviewing credit reports helps individuals stay informed about their credit status and address any issues promptly.

d. Ignoring credit scores: This is incorrect. Ignoring credit scores can lead to missed opportunities to improve credit health and may result in negative consequences, such as higher interest rates or difficulty obtaining credit in the future. Monitoring credit scores is an essential part of financial management.