She is disrespectful and thinks her mother owes this to her for all the problems she brought upon herself,
including high credit card balance etc. she is a real time loser that will never win and my wife cant see this so she is giving her the 15,000.00 to buy the condo that she will default on and be on the front porch asking for more.
Not exact matches
Some «indicators» lenders look out for, according to Foley, may
include «
high credit card balances, recent delinquencies, or
high DTI.»
Often their revolving
balance is much
higher than what is listed, and / or they have loans other than
credit card debt, or income doesn't
include their spouse's income, etc..
FINRA found that of five negative behaviors involving
credit card usage,
including carrying a
balance, paying only the minimum fee, incurring late fees, being charged over the limit fees and using cash advances, women scored
higher than men in all metrics except cash advances, where men scored slightly
higher than women.
Types of debt you might consider
including in your consolidation loan payment
include your mortgage, car payments,
credit cards, student loans, and other debts that you pay
high interest on or have a
high balance left on the principle amount of the debt or loan.
As such, there's no way to know for sure if having added six
cards to your
credit report has hurt or helped your score, though the highly informative «FICO
high achievers» study tells us that people with scores of 785 and
higher tend to have fewer
cards than you, with seven
cards (
including open and closed) on average and only four
cards or loans that carry
balances.
0 %
credit cards include a wide range of
balance transfer
cards, and many also offer cash back, rebates, reward points, and
high credit limits for qualified applicants.
Since store
cards are
included in
credit utilization (
balance / limit percentage) calculations, along with
credit cards, I'm guessing that the $ 9K
balance is taking up a good portion of that
card's
credit limit and, depending on how you pay it over the 12 months, is likely to continue contributing to a
higher combined utilization percentage than you'd otherwise be seeing.
Information
included for each debt is the account name, number and type,
balance, if the account is past due, the date the account was opened, the current account status, the amount of monthly payment, if the account is a loan, the payment status, the
highest limit of the debt, if the account is a
credit card, and the total limit of the account.
Some of the common issues found with
credit cards today
include reductions in
credit limits,
high interest rates, and minimum payments doing little to bring down the
balances of the
cards.
Getting out of
credit card debt is very difficult because many
credit card companies have found that there are numerous ways to increase
credit card debt after you have placed a large
balance on your
credit card,
including charging late fees, over limit fees, and
high interest rates on the
credit cards that you hold.
Other types of
high interest debts,
including installment car and appliance loans, can be moved to a low interest or 0 percent
balance transfer
credit card.