Sentences with phrase «because type of credit accounts»

Because type of credit accounts for 10 % of your credit score, having a good mix of credit, such as a credit builder account and a credit card, will help improve your credit rating.

Not exact matches

It is understandable «Types of current credit» garnered the highest percentage of incorrect responses because this factor accounts for a mere 10 percent of credit score points.

«As I researched the idea of promoting savings in our sector, the idea of credit union came into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical bills or to even solve other financial problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of monies».

Because navigating tax codes and college aid rules can be a complicated task, we encourage all of our readers to consult with a financial expert before moving forward with these accounts or any other type of individual tax credit or deduction program.

Because of the potential impact that a credit inquiry can have on you, before you apply for any type of credit account, it pays for you to know whether the account issuer will initiate a hard or a soft credit inquiry.

Perhaps this is because some respondents are overlooking certain types of debt they might have, such as small balance accounts or loans in deferment, said Bruce McClary, vice president of public relations & external affairs for the National Foundation for Credit Counseling (NFCC).

This item [identify item (s) disputed by type of item, such as credit account, judgment, etc., and your account number or another method for the information provider to locate your account] is [inaccurate or incomplete] because [describe what is inaccurate or incomplete and why].

That's because about 10 percent of your credit score is based on having a healthy mix of credit types: not just «revolving accounts» like credit cards, but also installment loans such as a car loan or a mortgage.

These types of cards, while similar to credit cards in form, function differently because they only allow you to withdraw what you have available in your checking account.

They can do this because even installment loans are «short - term» compared to the type of information that credit checks are designed to measure, and repayments are drafted directly from your bank account, providing an extra measure of security for the lender.

Also, if the Credit Card Account is closed because the Card (s) are being converted by the primary Cardholder or CIBC into another type of CIBC Credit Card, all Aventura Points in the Aventura Account will be forfeited unless the replacement card (s) offers loyalty rewards into which CIBC permits Aventura Points to be converted or transferred on Card transfers, and the primary Cardholder meets any applicable requirements set by CIBC.

If your Credit Card Account is closed because your Card (s) are being converted by the Primary Cardholder or us into another type of CIBC credit card, all Aventura Points must be redeemed within 60 days unless you are otherwise advised Credit Card Account is closed because your Card (s) are being converted by the Primary Cardholder or us into another type of CIBC credit card, all Aventura Points must be redeemed within 60 days unless you are otherwise advised credit card, all Aventura Points must be redeemed within 60 days unless you are otherwise advised by us.

Because credit cards are relatively easy to get (as compared to other types of loans), establishing a credit account is fairly simple with a credit card.

Aggregate interest rates are significant because many different types of debt, including credit card debt and some types of mortgage financing, take into account compounding effects.

This type of program can also have a positive affect on your debt - to - income - ratio because your account will report as paid to a zero balance on your credit report after a settlement occurs.

This item (identify item (s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.) is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why).

I agree with the above statement I work for a bank ten years now have multiple accounts with them I may add, had a credit card with them but couldnt keep up with the payments because of a sick child I am currently paying on the card which is at a low balance now and I have been denied twice when I applied for a credit card so in a nut shell doesn't matter what type of relationship you have with them they will deny without hesitation.

So the idea that you would just say, «I'm not going to have any type of bank account, any credit accounts,» we have tens of millions of people in this country that actually do that but they pay a price for it, and the price is in things like high cost of payday loans, check cashing places, car title loans, when they need quick cash, stuff like that and it's disheartening to see because we know that there are gaps and we know that there are millions of people whose problems really do need to be addressed from a standpoint of credible solutions.

The reason I asked all this is because in the fineprint of both the cards state — «Card Members may be permitted to have more than one Options, classic, Gold, Platinum, or Delta Reserve SkyMiles Credit Card from American Express account; however, Card Members are only eligible to receive one annual bonus for each type (i.e., Options, classic, Gold, Platinum, or Reserve) of Delta SkyMiles Credit Card account from American Express.»

For instance, a bank credit reference letter is crucial because it would provide the basic and needed information regarding the length of time the applicant has held an account, the type of account availed, and the credit records.

However, insiders recognize that because any type of bank or credit union must receive approval from the Federal Reserve prior to opening is the real reason behind the inability of MBank to move forward with its plans for opening bank accounts for cannabis industry related businesses.