Sentences with phrase «history of timely payments»

This should hopefully go without saying but a clear and long history of timely payments is the best way to maintain a high credit score.

Also, if you can not get approved for an unsecured credit card, get a secured credit card so you can establish a credit history of timely payments with a credit card.

A continual history of timely payments on your home loan will be reported by your lender to credit agencies and your credit score improvement process will be given a boost.

Since charge cards require you to pay in full every month they provide a great history of timely payments.

Once you build up a strong history of timely payments, your credit score should improve, giving you access to a wider range of credit card deals.

Lenders want to see candidates that have low debt balances, a long history of timely payments, and varied credit utilization.

To grasp how impactful the effect of closing your accounts can be, we'll take a look at the primary factors that determine your credit score — history of timely payments, length of credit history, kinds of credit and new credit cards — and see how getting on board with a debt management program may affect them.

And, if you use your card and pay it off each month, you can create a history of timely payments.

However, after you establish your income and credit score, and have a history of timely payments, many lenders allow you to release your cosigner.

This will improve your credit score and show a history of timely payments that the FHA needs to approve you for a loan.

Establishing a history of timely payments will do wonders for your score.

This will help you establish a history of timely payments.

If you've been a good customer, be prepared to demonstrate that by laying out how long you've had the card, how much you charge each month and your history of timely payments.

In addition to these criteria, the company website indicates that successful applicants typically have: enough income to support repaying a loan and living expenses, hold positive bank accounts, have savings to support themselves at least one month of typical living expenses, and have a history of timely payments.

Strong business credit will portray a history of timely payments whereas overdue debts, defaults and liens are typical of a low - ranking credit profile.

Building a history of timely payments is one of the best ways to improve your credit score.

Having credit cards and a history of timely payments, for example, will raise one's score.