Sentences with phrase «handle different types of accounts»

Lenders want to know that you know how to manage your money as well as handle different types of accounts at the same time.

Not exact matches

Just as creditors want to see that you can make on - time payments, and that you can keep from utilizing too much of your available credit, they also want to observe your ability to handle different types of credit accounts.

Credit reporting agencies like to see that you have the ability and responsibility to handle multiple accounts at the same time, as well as different types of loans.

Lastly, creditors like to see a mix of several credit accounts and different types of accounts, as it shows you can handle a variety of credit products.

Second: If you have only one type of credit card or a small loan, opening another type (like a store card) can help your «credit mix,» a term the credit bureaus use to indicate whether a person can handle different kinds of accounts.

Having a good history with different account types shows lenders you can handle different types of credit obligations.