Sentences with phrase «percent credit line increase»

Harkness, who recently received a 50 percent credit line increase in anticipation of future growth, had a number of capital options to consider, including ongoing solicitations from venture capitalists.

Not exact matches

Glen Dobi, founder and chief executive of Dobi & Associates, an Inc. 5000 honoree and a manufacturer of specialty wood chips used for barbecues, says a 0.25 percent increase will add $ 5,000 to the $ 50,000 he pays annually in interest for his line of credit from Comerica.

He credits the governor for holding the line on spending increases to about 2 percent per year, but he said that's not really enough.

He credits the governor for holding the line on spending increases to around 2 percent per year, but he says that's not really enough.

Your credit utilization ratio should be below 30 percent for a better chance of having your credit line increase request approved.

The National Federation of Independent Business reported that approximately 40 percent of small business owners who requested extensions of their credit lines in 2009 were turned down, and many of those who received extensions were required to provide or increase collateral, pay higher interest rates or agree to other more stringent terms.

But, with a reverse mortgage line of credit, their purchasing power increases 29.5 percent to $ 25,900 a year.

A good rule of thumb is if you can see that you're going to cross the 30 percent utilization line, request an increase in credit.

The ABA quarterly survey of consumer loans reflected delinquency rates based on a composite of several types of consumer loans such as boats, autos, home improvements, some home equity line of credit loans increased to 2.42 percent in the first three months of this year.

Overall, aggregate balances increased by $ 117 billion, or 1.0 percent, boosted by increases in all credit types except home equity lines of credit.

In comparison, combining an 80 percent first mortgage with a home - equity line of credit at 9.9 percent would cost $ 1,217 per month to start, with the possibility that the payment could increase if interest rates continued to climb.

The year - over-year decrease in total originations was driven by a 20 percent year - over-year decrease in refinance originations even while purchase originations increased 3 percent from a year ago and Home Equity Line of Credit (HELOC) originations increased 10 percent from a year ago.

Before the recession, home owners aged 65 or older could have used their home's equity to increase their retirement income by over 50 percent — up to $ 60,000 — either by borrowing a home equity line of credit, selling their home at a profit, or taking a cash - out refinance or second mortgage.