Sentences with phrase «high average account age»

Not exact matches

FICO says that consumers with the highest credit scores opened their first account, on average, 25 years ago, and the average age of all their accounts is eleven years.

In addition, the average account balance has risen dramatically to $ 195,222.65; a high figure compared to most data tracking defined contribution plans which correlates with the age of ESOPs participating in this year's survey.

Worldwide, lung cancer is the most commonly diagnosed form of cancer.1 In the United Kingdom, its annual incidence is second only to that of breast cancer, accounting for around 39000 new cancer diagnoses annually.2 In countries that have seen a high prevalence of smoking, around 90 % of diagnoses of lung cancer are attributable to cigarette smoking.3 The increased incidence from smoking is proportional to the length and intensity of smoking history.4 On average, a lifetime smoker has a 20-fold increase in the risk of developing lung cancer compared with a lifetime non - smoker.1 Lung cancer is more common in men than in women, closely following past patterns of smoking prevalence, and 80 % of cases are diagnosed in people aged over 60.2

I have one simply because I don't ever plan to close my checking account and over time it will help keep my average credit age higher — should I ever need to apply for new credit.

Your credit score usually benefits from having an «aged» credit history, meaning your oldest account is old and the average of all your accounts is high.

A fresh account lowers the average age of your credit lines, while a high balance on a low credit line can inflate your credit utilization ratio.

FICO says that consumers with the highest credit scores opened their first account, on average, 25 years ago, and the average age of all their accounts is eleven years.

I personally never found this to be true, so even though I do agree that as long as the new account is new (less than 6 months) your score will be affected by the new account, but once six months pass your score will be back to the same or even higher then it was before, regardless of what your average age of credit is now.

«Statistics shows that for similar risk tolerance and same age groups, professionally managed accounts deliver on average 1.5 % higher return than self managed accounts».

It benefits your credit score in at least three ways... higher average age of accounts, lower utilization, and number of accounts.

While it is good to keep accounts open for a long time, the age of your accounts is only 15 % of your credit score, so as long as you have a couple old accounts helping to keep the average long, that should suffice though there is really no set formula that will guarantee a high credit score.

Clickability, Inc. (San Francisco, CA) 2/2008 — 9/2009 VP of Engineering & Client Services • Managed and rebuilt engineering, professional services, and technical support departments • Directly responsible for increased efficiency, revenue, and expansion from 18 to 40 people • Implemented an agile / scrum development methodology resulting in 12 platform releases • Created a QA team that implemented full regression testing and automatic platform deployment processes • Instituted an agile / scrum implementation process that dramatically reduced project implementation time, led to more successful executions and higher project visibility for customers • Restructured all internal case management processes reducing the average case age from 20 days to 4 days • Constructed a Technical Account Management program for key all accounts • Provided clear transition and escalation processes for all teams while reducing overall escalations • Acted as key executive sponsor for many strategic accounts including NBC, Philly.com, Voice of America, Clarity Media, and BI Media