Sentences with phrase «old credit lines»

«Pay all your bills on time, maintain old credit lines and don't use more than 30 percent of your credit limit.

The only thing that's worked for me so far is OLD credit lines with no records / delinquencies EVER.

Adding a trade line is a process through which individuals can get a chance to purchase aged old credit lines with the purpose of boosting their credit score.

So keep those old credit lines open if you can, (but only if they won't get you back in trouble), and they will help you recover more quickly.

Debt consolidation programs should only be used if you are committed to not running up new debt on old credit lines.

First, you'll want to leave your old credit lines open to benefit from the lower credit utilization and credit history on the paid - off cards.

When many people come to this information, they often ask: «Well, what should I do with these old credit lines?»

First, you'll want to leave your old credit lines open to benefit from the lower credit utilization and credit history on the paid - off cards.

Now everyone knows once we do this our 800 + credit score will fall because of closing our oldest credit line of 15 plus years.

The older your credit lines, the better you will score in this section.

Credit card application databases are spotty at best and almost never include the oldest credit line information.

Many potential home buyers inadvertently hurt their credit scores and chances of getting a mortgage through easily averted actions, such as cancelling an old credit line while taking on a new one,» Yun said.

Not exact matches

Reverse mortgages let older homeowners tap their home equity for a line of credit to pay living expenses.

The logic behind this piece of misguided advice seems sound at first: The average age of your credit lines affects your credit score, and the older, the better.

When 74 - year - old Slim agreed to loan Times Co. money in 2009, the company had just canceled its dividend to preserve cash and a credit line was set to expire.

Alternative options for increasing your cash flow include getting a home equity line of credit, a home equity loan, or a reverse mortgage if you're age 62 or older.

OnDeck only requires businesses to be one year old and borrowers have a credit score of 500 for a loan or line of credit.

Kabbage, for instance, requires businesses be at least one year old with $ 50,000 in annual revenue to qualify for a line of credit up to $ 100,000.

The bankruptcy fully discharges the shortfall as a (now) unsecured debt, just like all other debts dischargeable in bankruptcy: credit cards, unsecured lines of credit, income tax arrears, older student loans, etc..

OnDeck, for comparison, requires businesses be at least one year old to be eligible for a loan or a line of credit.

I can't take credit for that line — I heard it from Anthony Bourdain, who repeated it from someone else, on an old episode of No Reservations — but as someone who has a propensity for making things unnecessarily complicated, it stuck with me.

------------------------------ The Chenango County Sheriff's Deputies arrested 78 - year - old Frank Kriz of Oxford with 2 counts of Identity Theft, for allegedly opening 5 lines of credit using other people's information.

The 39 - year - old actor, whose credits include «Gladiator,» «Walk the Line» and «The Master,» reportedly was approached to play Lex Luthor in Warner Bros.» «Batman v Superman: Dawn of Justice,» a role that ultimately went to Jesse Eisenberg.

Both Fundbox and BlueVine only require businesses be at least six months old to qualify for a line of credit, and this requirement is even lower if you are looking for invoice financing at either company.

Lines of credit have the same requirements as loans, except businesses must be at least 2 years old.

How old is your credit line?

This means that a 68 year old borrower with a $ 679,650 home or greater can lock in a credit line of approximately $ 350,000 (depending on what happens to interest rates and margins since they also will affect the amounts for which borrowers will qualify) instead of the approximately $ 250,000 that they would go back to under the limits prior to the Stimulus Bill.

These lines of credit should be at least a year old — the longer the better.

In other words, if there is still a line of credit available of $ 100,000 at the time the older, borrowing spouse permanently leaves the home, the younger, non-borrowing souse does not have access to the funds on the line of credit.

LendingClub can provide loans and lines of credit up to $ 300,000 for up to five years with a monthly repayment schedule, but your business must be at least 2 years old to qualify.

And there's no «grandfather» clause to help people with existing lines of credit: The crackdown applies to old loans as well a...

Although I still agree in theory that using a line of credit for an emergency fund is a more efficient way to manage your money — having survived several rounds of job cuts in the past year I have embraced the idea of having plain old cash as an emergency fund.

This is significantly faster than older consumers ages 37 and older, who average 46 months in between new credit lines.

Bottom line: If you are trying to improve your credit score, you should be very careful about closing your old accounts.

Only recently (first in May with two cards from BoA) I left the cards open after shifting all but a couple of hundred dollars of credit line because I want to preserve the credit history of the old cards.

Do you have four lines of credit that are at least 2 years old?

I lost my oldest open line of credit (a Sears card that opened in 1977 when I was in college) because I hadn't used it in four years (it was a very high interest card, but I would have a small purchase on it if I'd have known that was coming).

Close your oldest line of credit and the average age of your account drops to five.

This is the oldest card I still have as a shiny Quicksilver with a $ 6,500 CL Today my overall credit lines exceed $ 200,000 after only being here for 4.5 years and I never ever carried a balance on any of them.

Note that if you transferred over your credit line to a different card when closing, you won't be able to get the old account reinstated.

There's an old myth in the credit scoring world that says the magic dividing line is 30 percent — that if you keep your balances below that point, your scores are protected.

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can elect to receive either in a single lump sum payment, monthly installments, or through a line of credit that allows funds to be withdrawn as needed.

Your credit history is a listing of your credit and reimbursement history — any new accounts, old accounts, late bills, delinquent bills, and other credit actions will appear here, when you have financing, mortgages or revolving lines of credit.

Reverse Mortgages are designed to allow persons 62 years of age or older to receive a line of credit based on the equity they have built up in their home.

A reverse mortgage, also called a home equity conversion mortgage (HECM), lets seniors who are at least 62 years old access the home equity from their primary residence in the form of a lump sum, a line of credit, a stream of monthly payments or some combination of these.

It may help slightly for you to make each other authorized users on the other card, but it would likely help more if someone with better credit and thus a bigger credit line would make you an authorized user on their card - particularly if it's an older account.

As an individual or small business owner struggling with thousands of dollars in credit card debt, outstanding business lines of credit, or old loans you just can't seem to shake, you're likely fed up.

to those worried about getting accounts closed: move your credit lines around so that your oldest card (or the ones you want to keep) is (are) your highest credit line (s).

By purchasing a trades line, an individual becomes an authorized user on an old account with remarkable payment history that will substantially improve his / her credit score.

Yes, you will definitely want to keep your old credit card account open so your credit score won't take a hit — especially if you are planning on applying for any new lines of credit in the near future.