Sentences with phrase «debt you're carrying compared»

Because your credit score is determined, in part, by the amount of credit card debt you carry compared with your credit card limits (the «credit utilization ratio»), transferring a balance to a new card can help you pay off debt and improve your credit score.

On one hand, adding more cards helps your score by lowering your credit utilization ratio — the amount of debt you carry compared to your available lines of credit.

Not exact matches

Since the housing crash, brought on by irresponsibly loose standards in the mortgage market, lenders have been very strict with the amount of debt borrowers can carry compared to their income.

CFPB officials compared it with the debt amount in mid-2008 when the financial crisis was at its peak when consumers were carrying $ 4.4 trillion in credit card debt.

Compare credit card APR to savings and investment yields: Investments are iffy these days, and deposit accounts are paying zilch; if you have credit card debt, paying it off can provide the best return on your money, as you're saving the APR amounts for each balance you're carrying.

Compared to credit card debt and most of the other loan types, consolidation loans carry significantly lower interest rates.

The amount of debt they carry has also declined substantially, with the median debt level today being $ 3,414, compared to $ 4,920 in 2009.

In 1989 only 21.8 % of homeowners age 65 - 74 had any housing debt.3 As of 2016, that number has grown to 38.8 %.3 For homeowners over the age of 75 the figure is even more concerning with 26.5 % carrying mortgage debt in 2016 compared to only 6.3 % in 1989.

This is the amount of debt you're carrying compared to your overall available credit line.

Lenders assign the highest scores to consumers who pose the lowest risks — that is, consumers who consistently pay their bills on time and carry small amounts of debt compared to their overall borrowing capacities.

Your credit score partly depends on your credit utilization — the amount of debt you carry as compared to the total amount of debt available to you.

This is why the amount of debt you are carrying compared to your credit limits is important to lenders.

Though it's less critical than your payment pattern (35 percent) and how much outstanding debt you're carrying (30 percent) compared to the amount you can borrow, it does push the numbers up.

EBIT allows us to equally compare the pre-tax profit of each company without worrying about how much debt each company is carrying.

Compared to student loan debt, those 65 and older are much more likely to carry other types of debt.

Comparatively few households headed by older Americans carry student debt compared to other types of debt, such as for mortgages and credit cards.

In addition, compared to short - term debt, an intermediate - term debt carries greater risk that higher inflation could erode the value of expected interest payments.

There are few investments you can make that can compare with paying off any outstanding debt you may be carrying.

The company has good management — the high - interest 5 % to 6 % debt has been cut from the balance sheet, so Staples only carries $ 1 billion in debt now compared to $ 2.5 billion in 2009.

However, compared to the damage done to your credit score by carrying a large debt burden for a long time, and consistently missing payments and upping your interest rate, it's a decent trade in the long run.

The survey said twice as many military members applied for credit cards as the general population and 58 % of military carried credit card debt over from month - to - month as compared to 34 % of the general population.

This is the amount of debt you're carrying compared to your overall available credit line.

That's crazy compared to America, where, as of 2010 census, 78 % of consumers carried a credit card - not to say that each and every single one of those people (including myself) are / were in debt.

In 1989 only 21.8 % of homeowners age 65 - 74 had any housing debt.3 As of 2016, that number has grown to 38.8 %.3 For homeowners over the age of 75 the figure is even more concerning with 26.5 % carrying mortgage debt in 2016 compared to only 6.3 % in 1989.