Sentences with phrase «making timely payments shows»
Making timely payments shows future creditors that you can be trusted to pay consistently and on time.
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This is considered an installment loan and shows that you are able to make timely payments.
If your credit report shows that you make regular payments in a timely fashion and pay down as much debt as you can afford each month, card companies will be encouraged to reward you.
For instance, taking out a secured personal loan with your local credit union will not only show you're able to make timely payments, but it also helps improve the types of credit used.
«If you have a track record of making payments on time, taking care of your accounts payable in a timely manner, not violating any of the terms of your debt, and you show over a long period of time that you're a good corporate citizen, that's going to be the biggest driver for increasing your credit,» he said.
You want to continue to build your credit by showing that you are able to make timely payments.
If you're eligible for HAMP, your mortgage company will likely put you on a three - month trial plan, giving you time to show you can make timely payments at a new monthly payment level.