Sentences with phrase «long as your line of credit»

On the bright side, you can save time and cost because as long as your line of credit remains active, you can continue to use it without having to apply for a new loan each time you need some extra money.

For as long as the line of credit is in place, you can keep drawing down funds in any size increments up to your limit and paying it back.

Similar to a credit card, you can borrow only what you need when you need it during the «draw period» (as long as your line of credit remains open).

Not exact matches

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

Each of the major credit bureaus uses its own formula, but factors such as how long you've been in business, your credit utilization, and the lines of credit you have opened in the last six months are likely to affect your score.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

Your liabilities are defined as your current Accounts Payable and any long - term payables (think small business loans, lines of credit, etc.) your business may have.

We can often do what banks can not — including loans of up to $ 10 million, payback terms as long as 7 to 25 years, and dynamic solutions that combine term and lines of credit to satisfy short and long term financing needs.

For purchasing equipment, as long as you've provided some investment into your business you should be able to acquire financing, although there are plenty of ways to raise money, like grants, loans, line - of - credits from your bank, etc. (I prefer to use a line of credit)

Initially the thought was that Home Equity Lines of Credit would no longer be deductible but the IRS recently issued guidance that as long as the line is used to buy, build or improve your home it remains deductible.

Therefore, opening a new loan or line of credit to pay off your credit card debt can actually help you lower your utilization ratio - so long as you don't close your credit card or cards.

It works best as part of a long - term financial plan and it requires more thought than simply taking out the new loan or line of credit.

Cash payouts can be received in a lump sum, as a line of credit, or in installments for as long as the borrower lives in the house.

Like a credit card, you'll be able to borrow money against your line as often as needed as long as you don't exceed the limit on the line of credit you've been granted.

But in the long - term, your credit score will increase as you're not utilizing your complete line of credit.

Loan term for personal lines of credit can last as long as 10 years.

For the home equity line of credit, you can withdraw any amount you like as long as you do not exceed the credit limit.

You can withdraw any amount of the home equity line of credit as long as it is within the credit limit but things are different with the home equity loan.

TMW — that's the whole point of my argument — there is not much difference between having cash and debt or having no cash and less debt as long as you have access to a line of credit.

Taking out one or two small lines of credit and taking care to pay them off constantly and steadily over a period of about a year will help to seriously repair damaged credit, as long as all other outstanding balances are also paid at the same time.

As long as the cardholder makes at least the minimum payment, the line of credit remains availablAs long as the cardholder makes at least the minimum payment, the line of credit remains availablas the cardholder makes at least the minimum payment, the line of credit remains available.

The long - term expected return on stocks may be 6 % to 8 % before taxes, but paying down credit cards or unsecured lines of credit gives you a tax - free, risk - free return equivalent to the debt's interest rate, which could be as high as 28 %.

The line of credit grows over time, independent of the home's value.5 As long as the loan obligations are met, the reverse mortgage line of credit can not be reduced or cancelleAs long as the loan obligations are met, the reverse mortgage line of credit can not be reduced or cancelleas the loan obligations are met, the reverse mortgage line of credit can not be reduced or cancelled.

M&T Bank does not charge closing costs on new home equity lines of credit so long as the account remains open for at least three years.

APRs at Currency are also similar to those provided by traditional lenders, with APRs as low as 4.99 % on long - term loans and 3 % on lines of credit.

These lines of credit can provide a business with cash reserves to meet day - to - day expenses and do not require collateral as long as the business is deemed credit - worthy by a lender.

Lines of credit are not appropriate for fixed asset acquisitions such as equipment, real estate, leasehold improvements, or other expenses for which repayment can only occur over a longer period of time.

Bottom line: As long as you have an actual plan, and as long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneAs long as you have an actual plan, and as long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneas you have an actual plan, and as long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneas long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneas you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra money.

As long as you continue to make on - time and complete payments, you will remain in good standing and be able to continue using your line of credit accounAs long as you continue to make on - time and complete payments, you will remain in good standing and be able to continue using your line of credit accounas you continue to make on - time and complete payments, you will remain in good standing and be able to continue using your line of credit account.

Small - business owners may be able to secure lines of credit even if their businesses are currently losing money, as long as their personal credit scores are high — generally above 700.

As long as you don't mind opening up multiple new lines of credit, you can have the best of both worlds by applying to the two cards togetheAs long as you don't mind opening up multiple new lines of credit, you can have the best of both worlds by applying to the two cards togetheas you don't mind opening up multiple new lines of credit, you can have the best of both worlds by applying to the two cards together.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

Lines of credit are not generally not collateralized — although collateralized credit lines offer lower interest rates — and there is no set term to repay the borrowed amount, as long as you make the minimum payments each mLines of credit are not generally not collateralized — although collateralized credit lines offer lower interest rates — and there is no set term to repay the borrowed amount, as long as you make the minimum payments each mlines offer lower interest rates — and there is no set term to repay the borrowed amount, as long as you make the minimum payments each month.

There are plenty of banks and credit unions that offer them and as long as you're able to manage it responsibly, you should be able to convert it to a regular account down the line.

Flexible disbursement options — Loan proceeds can be collected as a lump sum (fixed - rate only), a line of credit to be drawn upon as needed2, a monthly payment for a set period of time or as long as you live in the home, or a combination of these options.

«As primary account holder, you can cut off the line of credit immediately if you see your child is using the card inappropriately,» adds Kelley Long, accountant and member of the American Institute of Certified Public Accountant's National CPA Financial Literacy Commission.

As you repay the loan, you can borrow more within that line of credit without having to reapply, as long as your account is in good standinAs you repay the loan, you can borrow more within that line of credit without having to reapply, as long as your account is in good standinas long as your account is in good standinas your account is in good standing.

In both cases, the plans allow you to establish a line of credit and receive fixed monthly payments for either a specified amount of time or as long as you live in the home.

Having left it so long, and having no time to do the work yourselves, your best option is to find a good bookkeeper / accountant and provide them with as much detail as you can regarding the transactions of the business for all outstanding years, especially income deposits (your financial institution should be able to provide you with those records) and expenses (check credit cards, lines of credit, talk to suppliers for receipts, check your calendar to create auto distance logs, etc..)

A bank allows a company or an individual to draw from a line of credit at any time, as long as the company or individual does not exceed the credit line's limit.

As your credit improves due to timely payments, you can add different lines of credit, such as credit cards or personal loans — so long as you can safely afford theAs your credit improves due to timely payments, you can add different lines of credit, such as credit cards or personal loans — so long as you can safely afford theas credit cards or personal loans — so long as you can safely afford theas you can safely afford them.

The longer you are in business and the higher your (and all other owners») credit scores are, the more likely you are to receive a line of credit, to draw from and use as needed for business purposes.

So with greed at the forefront, as always, driving the corporate bottom line, and especially with banks, they are sticking it to large group of long standing good faith customers without the slightest regard for damaging their credit.

One of the options under this program is a reverse mortgage line of credit that increases in value each year as long as the owner doesn't use it.

Restoring your credit by taking out a loan can work, but it seems to take longer than re-establishing credit by getting a form of revolving credit such as a credit card, line of credit, or overdraft.

This type of credit is the type that people carry on credit cards and home equity lines of credi t. Revolving credit does renew after the balances are paid down — a person can use their credit card repeatedly as long as they continue to pay it down to free up the credit each month.

Answer: Most people experience their credit score gradually increasing throughout their career as they establish more lines of credit, a longer history of on - time payments, and the average age of their credit accounts increases.

The formula looks at both the age of the account, as well as how long it has been since the line of credit was used.

While a one - off hard question may not do long term detrimental damage to your account, applying for several lines of credit in quick succession can cause harm, as each lender will be conducting a hard inquiry on your report.

Without any open lines of credit, a lender has no idea how risky you are as a borrower or if you can keep up with monthly payments for the long haul, says Dave Marcus, a senior loan officer with AmeriFirst Financial in Denver.