Sentences with phrase «history on any credit account»

The three most important factors are (A) your payment history on credit accounts, (B) the amount of credit you are currently using, and (C) the length of your credit history.

Not exact matches

Verizon Mobile Banking Banks it works with: America First Credit Union, Arvest, Bancorp South, BECU, FirstBank, Regions, South Financial, SunTrust, Synovus, USAA and Wachovia What you'll like: Check multiple account balances and histories, transfer funds and pay bills; works on a wide range of Verizon phones What you won't like: Not all banks support all of its features, like bill pay; it doesn't find you the closest ATM or bank

To develop your credit score, FICO analyzes your debts against your limits, your history of on - time and late payments, the number of accounts you have, the various types of accounts you have (such as revolving, installment and so on), the length of your overall credit history and the amount of new credit you've been applying or.

Fundbox uses a proprietary algorithm to gauge likelihood of repayment, starting with your financial data — including accounts receivables, client financial statements, cash flow and payment history — and moving on to public data such as credit ratings, government information and social media accounts.

Likewise, your payment history on those credit card accounts also impacts your score.

Credit Karma pulls in a large amount of information from traditional credit reports — account overviews, payment history, credit inquiries and public records — and builds a level of personalization on top of this to guide users and highlight items that require their atteCredit Karma pulls in a large amount of information from traditional credit reports — account overviews, payment history, credit inquiries and public records — and builds a level of personalization on top of this to guide users and highlight items that require their attecredit reports — account overviews, payment history, credit inquiries and public records — and builds a level of personalization on top of this to guide users and highlight items that require their attecredit inquiries and public records — and builds a level of personalization on top of this to guide users and highlight items that require their attention.

Getting added to a credit card account with a poor payment history can have an adverse effect on your credit score.

If the primary cardholder has a good payment history, you'll reap the benefits as soon as the credit card company starts reporting the account on your credit report.

Lending Club uses a somewhat complex formula that takes into account various factors that appear on a borrower's credit report, such as FICO score, number of recent credit inquiries, length of credit history, the total number of open credit accounts and revolving credit, to name a few.

That'll have less of an effect on the average age of your credit history (which accounts for 15 % of your FICO credit score).

How much it helps, depends on the particular scoring model that is being used, but it's safe to say that a long credit history showing on time payments on various accounts helps, and won't hurt, your credit scores.

On the other hand, if your personal credit history is a bit thin, a business card that reports your full account activity may help.

By making on - time minimum payments to all creditors and maintaining account balances below credit limits, a secured credit card combined with responsible financial behavior can help you establish or rebuild your credit history.

Your credit history is a record of your borrowing and replayment activity on credit and loan accounts.

Your FICO score is based on your payment history, the amount of debt you owe, the types of debt you have, inquiries for new credit and the age of your accounts.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Seeking new credit lines is a negative in the credit bureaus» credit score algorithms and, besides, until 12 months of payment history exist for each of the new accounts, the effect on a borrower's credit score is heavily muted anyway.

The lender might need extra documentation if you have experienced a bankruptcy, have any accounts in collection, or have other credit history «dings» on your report.

Just as important as your payment history is your overall credit utilization, which the more you charge on your account and it reaches your limit, the lower your credit score will go.

First pay your bills on time, watch your balances, don't go overboard applying for credit, live within your means, mix up your accounts, and finally, look into the future — credit history counts.

Call it the unintended consequence of debt - free living: with no visible evidence that you've managed credit accounts in the past, mortgage lenders become (rightfully) nervous about your ability to repay on a loan — there's no history for them to go on.

To maintain your checking account and avoid earning black marks on your credit history by defaulting on a bank account, you must keep track of your checks, debit card uses, and deposits to make sure that you keep a positive balance.

An instant decision on a credit card application rarely results in a new account for an individual with compromised payment history.

If you add this spouse to your credit card accounts, their bad credit habits will reflect negatively on your credit history.

Scores are calculated by the major credit - rating agencies — Experian, TransUnion and Equifax — based on a number of factors on a credit report, including the number of open accounts, the types of accounts revolving vs installment, available vs used credit and / or the length of credit history.

«Your credit score is based on six factors, but two of them account for more than half of your score: amount owed at 30 percent, and payment history at 35 percent.»

As well as the average length of credit history on individual accounts you have.

For example, the hard inquiries left from those account openings during the past year are likely to be taking a larger toll on your score — perhaps by even more than the typical five points or less — than they would, had your credit history been more established.

The longer you have had active accounts in your credit history that have been in good standing, the better impact this portion will have on the calculation of your credit score.

New accounts: Fewer is always better Short credit histories, and especially those containing very recently opened accounts, can lead other, often unrelated, credit score factors to take on more importance than they would with an older history.

Seeking new credit lines is a negative in the credit bureaus» credit score algorithms and, besides, until 12 months of payment history exist for each of the new accounts, the effect on a borrower's credit score is heavily muted anyway.

King of Kash does not report to traditional credit bureaus; however, we do utilize several non-traditional credit reporting agencies and report negative payment history on accounts.

Length of Credit History is 15 % and this factors in how long an account has been opened as well as how long it has been since you have had activity on accounts.

Further more, be sure the account has a good couple years history (the more years the better), has a balance of 30 % of the credit card limit or lower, it is paid on time monthly with no late payments and be sure the credit card company reports to all three major credit bureaus (Experian, Equifax, Trans Union).

The basis and standard for this variable APR will be the Prime Rate as published in The Wall Street Journal dated the 25th of the month plus the addition of a margin as disclosed on the then - current Rates and Fees Table (which will be set at the time your Account is opened based on several factors, including your credit history and information you provide on your application).

If you have only ever made one late payment on an account, ask the creditor to remove the late payment from your credit report in light of your otherwise spotless history.

None of those will ever be on your credit report, as your credit report only contains information related to credit accounts and indicators that demonstrate a positive or negative borrowing history.

Making payments on time is one of the biggest contributing factors on your credit scores, with your payment history accounting for 35 % of your total score.

For example, new information on your credit report, such as opening a new credit account, is more likely to have a larger impact for someone with a limited credit history as compared to someone with a very full credit history.

If you have an account that's become past due enough to reach collections, then not only is this likely impacting your credit history negatively, but it could also be on your report multiple times.

To achieve a perfect credit score, you generally need to have a good payment history on a mix of accounts that includes credit cards as well as installment payments, such as a bank loan, mortgage, auto loan, or student loan.

Build your credit history by paying the credit accounts you have on time.

A credit account history appears on your credit report to help potential creditors determine your credit worthiness.

A credit account history is a section of your credit report that provides detailed information on the history of your credit, which will include information on your credit activity for approximately the last 10 years.

Each account remains on your credit history for seven years.

The Credit Account History section of your credit report will include information on when your accounts were opened and how long the accounts wereCredit Account History section of your credit report will include information on when your accounts were opened and how long the accounts werecredit report will include information on when your accounts were opened and how long the accounts were used.

Some of the elements on which your PLUS Score may be based include the amount of credit you assume, length of time you've used credit, number of new credit accounts, payment history and types of credit.

This three digit number is generated based on a number of elements such as credit to debt ratio, history of past debt accounts and others.

In today's world you can't obtain a loan today without a credit score, which is a three digit number that is mostly based on your payment history, outstanding debt and the number and type of accounts.

One of the chief factors in a good credit score is the account history of on - time payments.