Sentences with phrase «few different types of credit»

There are a few different types of credit builder loans, but the most common allows you to apply for and take out a relatively small loan of typically between $ 100 and $ 1,000 which you repay over a period of six months to a year.

Not exact matches

Do you have different types of credit; say a car loan, home loan, and a few credit cards.

Lenders actually want you have a few different types of loans, called a credit mix, because it shows them that you're able to successfully handle various types of payments like a house payment, credit card payment, and a car payment.

So let's look at a few of the different types of credit card users and get a sense for what a «good» credit card would be for each.

This doesn't mean you should open 10 different credit card accounts; what it means is that you should have different types of credit, such as a mortgage, a financed auto loan, a student loan and a few credit cards.

«A high FICO score can best be achieved by regularly and responsibly utilizing a few accounts of different types, while always paying on time, keeping balances low and applying for new credit only when needed.»