Sentences with phrase «in a lower credit score»

In fact, consolidating debt could result in a lower credit score in some cases.

In fact, consolidating debt could result in a lower credit score in some cases.

Although the practice may result in a lower credit score temporarily, the debtor pays off the balance sooner at less than what is owed.

A lower credit limit may result in a lower credit score because it's based in part on how much you owe relative to your available credit.

Age plays a vital role in lowering your credit score or simply lower your age, lower your credit score.

Although the practice may result in a lower credit score temporarily, your debt to income ratio should improve over the course of the program because each debt is paid off one by one.

So, while the majority of the cardholder's credit cards carry an acceptable credit utilization ratio, the one bigger card balance raises the credit utilization ratio substantially, and could very well result in a lower credit score for the cardholder.

It's also important to note here that lenders are beginning to see a difference in low credit score applicants between those who have lost their jobs versus those who behaved irresponsibly with their credit.

Other banks are following its lead in lowering credit score requirements for FHA loans due to the decline in mortgage refinances.

Three of these issuers (the exception was Citi) had strongest growth in their lowest credit score segment.

And in that low credit score group, consumers falling behind on credit cards but keeping pace with mortgage payments declined to 14.5 % in 2009 from 18.1 % in the first quarter of 2008.

Having an outstanding balance on your credit accounts will not necessarily result in a low credit score.

Generally speaking, a higher balance on your credit accounts (relative to the limits) will result in a lower credit score.

Missing a payment will result in a lower credit score.

Generally speaking, a higher balance on your credit accounts (relative to the limits) will result in a lower credit score.

For example, when considering if you should pay off the mortgage or invest, you should know that paying off the home would (eventually) likely result in a lower credit score.

If you have a large number of errors, they will result in a lower credit score — so having them removed is the easiest way to repair your credit report.

Late or missed payments, bankruptcy, foreclosure, charge - offs, liens and legal judgments are all black marks which can result in a lower credit score.

The more debt you have, the more likely it becomes that you'll default, resulting in a lower credit score.

Whether you've been the subject of Murphy's Law and been rained on with horribly bad luck, resulting in a low credit score, or you've just inadvertently made some poor choices that have caused your score to drop, Credit Absolute can help rebuild your credit score quickly and affordably.

«If you «play your cards right,» balance transfers can save you money and consolidate your debt,» says Tran, «but consumers should understand that using them too often can result in a lowered credit score.»

This will result in lowering your credit score and, therefore, potentially increasing your regular APR..

If you're only making your minimum and carrying a high balance on a credit card — resulting in a lower credit score — this affects the ability to get other types of financing.

Also, if a cancelled account happens to be the account holder's oldest account, closing this account can eventually reduce the length of the account holder's credit history, resulting in a lower credit score.

Your credit utilization ratio will increase significantly and result in lowering your credit score.

If you owe more than 30 % on any one credit card at any point during your monthly billing cycle, it could result in a lower credit score, even if you pay off your balances each month.

However, owing money on several account will result in a lower credit score.

But now if you open a new card then the new card will bring down your average age of credit to 2.5 years which may result in a lower credit score.

Credit cards Submitting applications for multiple credit cards will result in a lower credit score.

A history rife with delinquent payments, defaulted accounts, or other negative items will result in a low credit score — and lenders that don't want to lend to you.

Generally speaking, a higher balance on your credit accounts (relative to the limits) will result in a lower credit score.