Sentences with phrase «new application for credit»

Avoid making new applications for credit unless you really need to, because every new inquiry into your credit has the potential to knock a few points off your score.

This ended up in the process of filling out a brand spanking new application for credit through Citibank.

The Federal Reserve surveyed senior loan officers at 69 U.S. banks and 23 U.S. branches of foreign banks and asked whether they'd seen an uptick in new applications for credit.

LexisNexis uses outstanding debt, payment patterns, length of credit history, available credit, late payments, new applications for credit, type of credit used, past - due amounts and public records in calculating its insurance score.

Keep in mind: Small changes in your score can be important if you're looking to obtain a certain FICO score level or if you are striving to reach a certain lender's FICO score «cutoff» (the point above which a lender would accept a new application for credit, but below which, the credit application would be denied).

Featured in the calculations of the PLUS Score are the elements of a credit report including the payment history data, the amount of debt being utilized, new applications for credit, and credit check inquiries.

Smart Credit will monitor the databases, and tell you if there's any key changes to your credit report, new application for credit, misuse of your identity, as well as filling you in on any creditors that have responded to actions you've taken using Smart Credit's action buttons.

Put in a new application for credit to start building your score, but do not apply for too many accounts and prolong your applications over a long period of time.

Please contact me at 555-555-1234 so that I can verify all new applications for credit.

The point above which a lender would accept a new application for credit, but below which the credit application would be denied, is known as the «score cutoff.»

Both are calculated from information in a credit report, such as outstanding debt, bankruptcies, length of credit history, collections, new applications for credit, number of credit accounts in use, and timeliness of debt repayment.

The higher the credit score, the more sound a borrower the individual is perceived to be when a new application for credit is submitted.

These types of credit pulls occur for a variety of reasons; for instance, soft credit checks may happen when a business generates a request to review your credit, without you submitting a new application for credit through them.

The «score cutoff» is known as the point above which a lender would accept a new application for credit, but below which, the credit application would be denied.

Some credit variables that are used include: outstanding debt, length of credit history, late payments, new applications for credit, types of credit used, payment patterns, available credit, public records, and past - due amounts.