Sentences with phrase «excessive number of credit»

Having an excessive number of credit inquiries will have a negative impact on your score.

Not exact matches

In the years immediately following these problems, credit outstanding grew more slowly than nominal GDP and, in a number of countries, fell in absolute terms as businesses and financial institutions sought to correct the excessive debt positions built up during the 1980s.

One note of caution: be careful to only open a reasonable number of accounts or risk a credit score drop due to excessive credit inquiries and debt - to - income ratio limitations.

Avoid excessive inquiries - A large number of inquiries occurred over a short period of time may be interpreted as a sign that you are opening numerous credit accounts due to financial difficulties or overextending yourself by taking on more debt that you can or can not easily repay.

These are both issues that credit bureaus keep up with because having a bankruptcy or having an excessive number of civil suits standing against you are things that potential creditors want to know about.

Over-spending and excessive use of credit is the number one cause of bankruptcy.