Sentences with phrase «available credit ratio»

Just make sure you don't actually use the additional available credit, because then you'll be back in the same available credit ratio boat... and you'll be deeper in debt.

As the debt to available credit ratio balances out, the individual's credit rating improves.

Now my debt to available credit ratio stinks, and I can't get approved for a refinance on my mortgage because of my credit score.

You have suddenly shrunk your amount of available credit, so if you have other debt, it could make your debt to available credit ratio much higher

Also, if you aren't closing your old cards, it does positively impact your debt to available credit ratio.

Carrying a high debt - to - available credit ratio can sink your credit.

First, watch your balance to available credit ratio, referred to as credit card utilization rate.

I have a $ 7,300 balance on that card, so this now gives that particular card a 97 % debt to available credit ratio..

Pay the cards off and leave them at a zero balance so that your available credit ratio will be at its best.

One of the most important factors in your FICO score is your balance to available credit ratio.

We didn't qualify b / c the high balance on the 0 payments credit card made our credit seem like we had a huge balance to available credit ratio.

This applies to individual cards, as well as to your overall debt to available credit ratio.

The biggest factors are payment history, debt to available credit ratio and length of credit history.

For example, if you have a single card with a limit of $ 10,000 and a balance of $ 7,500, then your debt to available credit ratio is 75 percent — not considered good by the card companies.

An individual with perfect credit such as no late payments, a low debt to available credit ratio and no black marks will often have no problem getting a loan and a great interest rate.

What I believe you are referring to is your available credit ratio, which is the amount of credit you have available over the amount of credit you are using.

One way you can increase your available credit ratio is by lowering the amount of debt you have.

Keep your credit utilization (debt to available credit ratio) under 20 percent.