Sentences with phrase «major factor in your credit score»

This can improve your credit utilization — a major factor in your credit score.

Even if it does, the total number of loans isn't going to be a major factor in your credit score.

And because your credit utilization ratio is a major factor in your credit score, high balances can badly damage your credit.

Credit utilization, or the amount of your available credit that's in use, is a major factor in your credit scores.

Not exact matches

Your credit score is a major factor in your eligibility, but it's not the only factor.

Your credit score is a major determining factor in your ability to be able to access financing — both personally and for your business.

A major factor in calculating your score is your credit utilization ratio, the percentage of available credit you use.

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.

The average borrower has a credit score of at least 750, so creditworthiness plays a major factor in the approval process for these loans.

The Portuguese also expressed his surprise at the sheer volume of goals that he has been scoring in recent weeks, while they credited good fortune as also being a major factor.

Timeliness is a MAJOR factor in determining your credit score... so, just by paying your bills on time and NOT incurring any late fees, etc... that is a huge step in the right direction.

When applying to rent a home or an apartment, your credit score is usually a major factor in being approved.

Credit scores (also known as FICO scores), typically range from the low - 300s to the mid-800s, and are a major factor in determining how much car you can afford or whether or not you can even get a car at all.

No matter when you're ready to buy a home, your credit score will be a major factor in the lender's decision to approve you for a mortgage.The mortgage process can seem pretty daunting, but the better it is understood, the smoother your home buying experience will be.

While insurance credit score is a major factor in rating renters insurance throughout Missouri, think of it this way.

Checking your credit score when you sign a cellphone contract seems legitimate, as ability to pay bills is a major factor in the way it's calculated (see «How your credit score works»).

Don't forget that your credit history is a major factor used in calculating your credit score.

That's because your payment history is a major factor in determining your credit score, and if you make a point to always pay your bills on time, you'll come across as a trustworthy, responsible borrower.

Credit history is one of the major factors used in calculating your FICO score

Equifax cites late payments, or lack thereof, length of credit history and the size of account balances in relation to your credit limits as major factors that impact your FICO score.

Closing old cards negatively affects your average credit length, which is a major factor in your scores.»

Credit scores factor into most major purchases in our personal lives, including renting or buying housing, cell phone and internet services, applying for credit cards, auto purchases andCredit scores factor into most major purchases in our personal lives, including renting or buying housing, cell phone and internet services, applying for credit cards, auto purchases andcredit cards, auto purchases and more.

Nonbanks have much lower capital, are more lightly regulated and have been willing to lend to borrowers with lower credit scores, a major factor in higher defaults, the study found.

A lot goes in to determining a credit score, and while each of the three major credit bureaus may calculate things differently, it is generally accepted that these five factors can make a direct impact.

A FICO score is a specific type of credit score administered by the Fair Issac Corporation that considers the same factors as many of the major credit bureaus, in addition to a potential borrower's credit report to arrive at a numerical evaluation of their «creditworthiness» or likelihood they they'll be a low - risk borrower for the lender to take on.

With private loans, your credit score is a major factor in whether you qualify for a loan.

Your credit score is not a major deciding factor in the approval process.

A complicating factor in all this: The three major bureaus have created their own credit score — known as Vantage — which also excludes consideration of authorized user accounts.

Flexible Requirements — Things like credit scores still matter, but other factors like debt to income ratios now play a major role in your ability to secure a loan.

According to FICO, a major company that generates credit - based insurance scores, approximately 95 % of auto insurers and 85 % of homeowners insurers use credit - based insurance scores in states where it is a legally allowed underwriting or risk classification factor.

While retrieving credit information will help determine what kind of interest rate you're likely to receive, at LoanMart, we don't use your score as a major determining factor in whether or not you might get a loan.

LoanMart doesn't see the credit score as a major determining factor, and there's possibility of getting approved within minutes and receiving your money in as little as one business day!

While the 580 FICO score minimum is a major factor in how an applicant will pay for a mortgage, your credit score is not the only thing the FHA takes into account.

While the 580 FICO score threshold is a major factor in how an applicant will pay for a mortgage, your credit score isn't the only thing the FHA takes into account.

A complicating factor in all this: The three major bureaus have created their own credit score - known as Vantage - that also excludes consideration of authorized user accounts.

That last point is important because canceling your oldest credit card will, in the long run, shorten your overall credit history — and length of credit history is a major factor in the way FICO calculates your credit score.

In order to improve your credit score, one major factor is your payment history.

Your credit score is one part of your insurance score, which is a major factor in determining how much you are charged for auto insurance.

While insurance credit score is a major factor in rating renters insurance throughout Missouri, think of it this way.