Sentences with phrase «overall credit rating so»

Finally, ask them what you should do to get a better credit score and overall credit rating so that you're not declined next time.

Not exact matches

Overall, your credit score helps determine if you get approved for a new loan and at what terms and interest rate, so it pays to know where you stand.

Overall, your credit score helps determine if you get approved for a new loan and at what terms and interest rate, so it pays to know where you stand.

So, even though you would pay less overall by retiring your credit card debt in order of highest interest rate to lowest interest rate, it can be discouraging to start out that way.

It is not so much a matter of credit financing with regards to interest rates but more a matter of credit utilization and their overall credit to debt ratio.

Even if your overall debt to credit ratio is good because you have other cards, the fact that the utilization rate on that one card is so high will not bode well for your credit score.

However, keep in mind that attempting to open a new credit card account in order to receive more overall credit and therefore reduce your utilization rate will likely hurt your score rather than help it, so avoid doing so.