Sentences with phrase «longer established credit history»

Generally, a longer established credit history results in a better score, assuming the accounts are in good standing.

FICO says that its «research shows that opening several credit accounts in a short period of time does represent greater [credit] risk — especially for people who do not have a long established credit history.»

Not exact matches

Then keep the card open to establish a longer credit history with it.

Because approval is often largely based upon the business owner's personal credit history, a business credit card may be a good option for startup and early - stage businesses that haven't been in business long enough to establish a strong business credit profile, yet occasionally need credit to pay for business expenses.

This can be good for young and small companies, which do not have a long and established credit history.

Doing these things may take longer than paying down your balances on other cards, but they go a long way in establishing a good payment history, which is crucial to rebuilding your credit.

In less than a year, you can have a credit score established and be on your way to building a long - term credit history.

Establish a long history of paying your bills on time and using credit responsibly.

The Toyota Motor Company describes excellent credit as a «long, established, positive credit history.»

Because approval is often largely based upon the business owner's personal credit history, a business credit card may be a good option for startup and early - stage businesses that haven't been in business long enough to establish a strong business credit profile, yet occasionally need credit to pay for business expenses.

No. 2 of establishing a long credit history is super important.

Length of credit history: Accounts for 15 percent and reports on how long your credit accounts have been established and how often you use them

To reach an 800 credit score, you'll need to establish and maintain a long history, so keep those old accounts open — even if you don't use them anymore and have no balance — instead of having them removed from your credit report.

This is another way to establish a positive credit history, as long as all debts are repaid on time.

This can be good for young and small companies, which do not have a long and established credit history.

In general, it can take up to six months to even establish enough history to qualify for a credit score, and twice that long to reach a good to excellent score.

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.

For someone with a long, well - established credit history, these impacts will be minor; however, for someone with little to no credit history, these factors will make a much bigger impact.

Keeping your oldest credit card account open establishes a long credit history, and it will keep your credit score elevated.

This is due to the fact that car loans are considered to be «installment loans», and they are a great way to establish credit history, as long as no car loan payments are missed.

That helped me establish a long credit history.

Length of credit history: Closing an old credit card can definitely decrease the average age of your credit history, too — especially if the card you're closing was established a long time ago, or maybe even your first - ever credit card.

I immediately established this long and amazing track - record on my credit history that my mom worked a lifetime to achieve, and I watched my credit score quickly rise!

FICO high achievers typically have long, well - established credit histories and rarely open new accounts, FICO said.

While you may have received the message loud and clear — paying bills on time, maintaining a low credit utilization ratio and establishing a long and healthy credit history — others may not have the same understanding and respect for the all - important credit score.

Young consumers should establish a long credit history by getting a good credit card that pays back points without any fees.

Credit repair doesn't need to take a long time and it is a mixture of both disputing all the derogatory credit items and establishing new good positive credit and payment hiCredit repair doesn't need to take a long time and it is a mixture of both disputing all the derogatory credit items and establishing new good positive credit and payment hicredit items and establishing new good positive credit and payment hicredit and payment history.

Do you have a great credit score and a long - established history of making timely payments?

Long - standing credit: Consumers with excellent credit tend to have a well - established credit history, and they rarely open new accounts.

As long as you pay them in a timely, regular fashion, they help you establish a good credit history.

Then keep the card open to establish a longer credit history with it.

The basic lesson here is that while a good score can be obtained without any of your own credit history — just an authorized user account — no long - term score stability will be achieved without first establishing some credit in your own name and responsibly maintaining that credit for as long as possible.

Grab the card you've had for a while — your oldest piece of plastic shows you're a long time customer with an established credit history.

This will help you establish a credit history, and the longer the history is in good standing, the more you can benefit.

If you have 22 or more long term revolving accounts, opening or closing some additional accounts won't have as much of an impact if you have an established credit history then if you are just starting out.

In general, it can take up to six months to even establish enough history to qualify for a credit score, and twice that long to reach a good to excellent score.

This means that no matter how perfect the rest of your credit is, your credit score will never reach similar perfection without a long, well - established credit history — and the only thing that can truly increase the length of your credit history is time.

This could be a good opportunity with people with children to get a miles - earning card without an established credit history — parents can co-sign for a checking account for them and as long as their SkyMiles account is attached, they will get the miles and you can as well for your own account.

They evaluate such things as your payment history, how long and how well of a established credit history you do have, as well as your credit sources.

Long - time cardholders with an established credit history may be able to speed through this process quickly, but if you're new to the credit game, going straight out to apply for your first credit card could lead you into dangerous territory.

Established relationships with landlords and various Baltimore City housing organizations to create long - term housing solutions for homeless clients with poor criminal and credit histories

Length of Credit History (15 percent): How long has an individual had established cCredit History (15 percent): How long has an individual had established creditcredit?

• Alternative credit information can support loan applicants with newly established credit files with good credit, those with minimal information in their traditional credit files but with good alternative credit payment histories, and long - time renters with no serious payment issues.