Sentences with phrase «amount of credit available»

The less you use, the better for your credit score, and decreasing the total amount of credit available to you will quickly bump up your percentage used.

The total dollar amount of credit available is starting to increase.

A rule of thumb when it comes to credit is that the larger amount of credit available, the better.

Having a good amount of credit available to you doesn't mean you have to have a $ 20,000 credit limit.

The average amount of credit available to each cardholder also fell.

The credit limit, also known as credit line is simply the maximum amount of credit available to you for purchasing goods and services.

Outstanding balances play a part in your credit utilization, which is the percentage of credit you're using out of the total amount of credit available to you.

Lenders like to see that consumers have a large amount of credit available to them, but not so much that they could spend more than they could afford to pay back.

It makes a certain amount of credit available on an as - needed basis for a limited term, such as five or 10 years, followed by a repayment period of up to 20 years.

While payment history is very important, so is credit utilization (amount of credit available vs. used).

While closing a card doesn't shorten your account history, it decreases your total amount of credit available, and therefore increases your credit utilization rate, which could negatively impact your credit score.

In investment terms, purchasing power is the dollar amount of credit available to a customer to buy additional securities against the existing marginable securities in the brokerage account.

Based on this formula, the largest part of your credit score is derived from your payment history; and, the amount of debt you carry versus the amount of credit available to you.

Based on this formula, the largest part of your credit score is derived from your payment history; and, the amount of debt you carry versus the amount of credit available to you.

Aim for these accounts to be between $ 300 and $ 1000 in terms of the amount of credit available.

Your FICO score looks at your credit utilization ratio (the amount of your revolving balance divided by the amount of credit available to you).

Your debt utilization percentage is how much debt you have relative to the amount of credit available to you.

The amount of credit available to you will equal your deposit.

Utilization indicates the amount of credit available to you that is currently being utilized.

A great FICO score depends on several contributing factors: the amount of debt you have compared to the amount of credit available to you (30 %) and the average age of your accounts (15 %) are outweighed only by your payment history (35 %).

One factor that influences your credit score is your credit capacity, which is the amount of credit available versus amount of credit used.

Unposted transactions have not yet been processed, but may affect the amount of credit available.

Your credit utilization ratio is the difference between the amount of debt you have and the amount of credit available to you.)

The amount of credit available to you is equal to the security deposit you put down as collateral.

Credit utilization ratio refers to the amount of the balances you're carrying on your credit cards compared to the total amount of credit available to you.

Your credit utilization makes up 30 percent of your credit score and is determined by how much credit you are using versus the amount of credit available to you.

Closing accounts will reduce the amount of available credit you have, and 30 percent of your credit score is based on credit utilization, which is the ratio of the amount borrowed to the amount of credit available.

Debt utilization is the total amount owed relative to the amount of credit available.

Other details you might find on your credit report include your payment history, whether accounts are open or closed, the amount of credit available to you, and the balances you owe.

The lower your debt in relation to the amount of credit available to you, the higher your credit score will become.

Payment history, including delinquencies and collections, and credit utilization (or the amount of debt you have in relation to the amount of credit available to you) carry the most weight.

The first is to pay off debt to bring your debt to credit ratio down and the second is to increase the amount of credit available to you.

AVAILABLE CREDIT The amount of credit available before the credit limit is reached.

A personal loan increases the amount of credit available to you but also increases how much you've borrowed.

The dollar amounts are not as relevant as the amount of debt you carry, expressed as a percentage of the amount of credit available to you.

They are similar to credit cards with the exception that they are backed by a savings account used as collateral for the amount of credit available.

This means the utilization rate for this card, the amount of debt you carry in relation to the amount of credit available to you, was 47 %.

Losing one line of credit will reduce the amount of credit available to you, with the effects we have already seen.

Meantime, when you close a credit card, the amount of credit available to you goes down — causing your credit utilization to go up.

Your credit utilization ratio compares your credit balance with the amount of credit available to you.

The reserve requirement is another way of controlling the amount of credit available to the private sector.

Lenders consider your credit utilization ratio — the total amount of credit available to you versus your total debt — when deciding on your rate.