The new restrictions treat business cards and
personal cards differently.
Not exact matches
A
personal loan balance is reported as installment debt, which is treated
differently in credit scoring formulas than revolving debt such as credit
cards.
While credit, store and gas
cards help make up the revolving credit category, and installment credit consists of mortgage, auto, student and
personal loans, open credit refers to the charge
cards that behave a little
differently.
A
personal loan balance is reported as installment debt, which is treated
differently in credit scoring formulas than revolving debt such as credit
cards.
The
personal loan balance would not impact your credit utilization because it is treated
differently than credit
card debt.
Business
cards and
personal cards are treated very
differently and are often handled by very different departments.
While credit, store and gas
cards help make up the revolving credit category, and installment credit consists of mortgage, auto, student and
personal loans, open credit refers to the charge
cards that behave a little
differently.