Sentences with phrase «new lines of credit indicates»

Frequently or quickly opening new lines of credit indicates a need for fast access to cash — and can signify higher risk to lenders.

Not exact matches

Those documents indicate that even if CPS tapped the entirety of a $ 500 million line of short - term credit, akin to a district credit card, it still might not have enough money to cover all the bills coming due by the end of the month, meaning it will start the new budget year July 1 with past - due bills and an empty checking account.

If you apply for several new lines of credit in a short period of time, this can indicate that you may be a greater risk for potential lenders.

Opening or applying for many new credit lines in a short period of time can indicate an increased credit risk.

Hard pulls, on the other hand, do affect your credit score because they indicate that you're actively pursuing one or more new lines of credit.

Creditors may also take the average age of your accounts into consideration.1 A large number of new accounts, may indicate that someone is seeking out new lines of credit to stay afloat — which may be a red flag for lenders.2

When the information on your credit report indicates that you have been applying for multiple new credit lines in a short period of time (as opposed to rate shopping for a single loan, which is handled differently as discussed below), your FICO Scores can be lower as a result.

The credit line indicates «Carnival of Autumn Leaves» is owned by Michael Rosenfeld Gallery in New York.