Sentences with phrase «much damage to your credit score»

Furthermore, you probably haven't had enough time to do much damage to your credit score, which means you can use credit cards — responsibly — to help fund your entrepreneurial dreams.

Jeremy M. Simon: Credit check by car rental firm won't hurt score for long — Car rental agencies may run a credit check when you rent a vehicle with a debit card, but don't worry: It won't do much damage to your credit score... (See Debit rental credit check)

Not exact matches

The fees are minimal, and much lower than you'll pay a settlement or consolidation company — and you'll pay off your debts, typically in less than five years, without all the damage to your credit and credit scores.

In fact, by the time you talk settlement with your creditors, much of the damage to your credit score has likely already been done.

In fact, if you keep all of your other credit obligations in good standing, your FICO score can begin to rebound in as little as 2 years... a foreclosure is a single negative item, and if you keep this item isolated, it will be much less damaging to your FICO score.

First, it is important to understand that fixing a damaged credit score is much the same as losing weight; it takes time, and there is no quick solution to repairing it.

Here, a high credit card balance in relation to the card's credit limit (credit utilization) can do much more damage to your score than a student loan balance many times higher.

A question that I've heard a lot lately is, «How much damage will an IRS lien do to my credit score?»

However, you may not notice this much of a whack on your credit score, due to the fact you simultaneously positively impacted other areas of the scoring model which might have offset the damage.

Additionally, be careful accruing a balance that is too close to your credit limit, as this can be damaging to your credit score thanks to an increased utilization rate (the ratio of how much credit you are using over how much you have available).

If you are repairing damaged credit, however, it can take much longer to up your score.

Even with a ding from a credit check, you're not going to do much damage to your score by upgrading, unless this card is the oldest — or only — card in your wallet and Chase reports the upgrade as a closed and reopened account.

If you haven't already, purchase your three credit scores to get a sense of how much damage you have still to repair.