Sentences with phrase «ratio by paying off debt»

If you need to fix your credit quickly, you've got two options: The first is to improve your debt - to - credit ratio by paying off debt or increasing credit.

Not exact matches

When applying for a traditional mortgage loan, lenders usually prefer for your debt - to - income ratio (the money you use to pay off debts each month divided by your monthly income) to be below about 36 %.

Your debt - to - income ratio is impacted by the minimum payment on all your debt, so if you are able to pay down or pay off your car loan or eliminate your credit card debt you could have additional room in your budget for a higher housing payment.

Settle your balances as fast as you can (in this phase, your score may go down in the beginning, but as your debts are «paid off», one by one, your «debt to income ratio» DTI will improve) + re-establish new credit and start paying your new bills on time every month (use and pay every month) = credit score and credit limits will start to increase and improve

If you tend to overspend and have no control over your income and expenses, you need to learn about budgeting and other money management procedures that will help you improve your income to spending ratio thus providing you with sufficient remaining income to start eliminating debt by paying it off.

This ratio compares a firm's market value to the amount of money that could be theoretically raised by selling off its assets (at their balance - sheet values) and paying off its debts.

Because your credit score is determined, in part, by the amount of credit card debt you carry compared with your credit card limits (the «credit utilization ratio»), transferring a balance to a new card can help you pay off debt and improve your credit score.

Many lending covenants will keep companies to something like a 5 to 1 debt to earnings / EBITA ratio, so if the loan maturities are evenly spread out over 5 + years, it should be possible to become debt free by paying off the loans as they mature (by suspending dividends / capital reinvestment spending / deferring maintenance etc).

This ratio compares a firm's market value to the amount of money that could be theoretically raised by selling its assets (at their balance - sheet values) and paying off its debts.

Although the practice may result in a lower credit score temporarily, your debt to income ratio should improve over the course of the program because each debt is paid off one by one.

Credit scores can be increased by lowering your debt - to - income ratio, paying off credit card debt and paying bills on time.

Dividend payout ratio is the method by which you can know what portion of net income a company is returning to its shareholders, and how much retaining for growth, debt pay off and cash reserve.

By taking out a — $ 30,000 debt consolidation loan; to pay off $ 30,000 in credit card debt — allows you to pay off your balances in full, improving your credit utilization ratio and helping your FICO score go up.

On the other hand, applying for a great balance transfer card with a low introductory interest rate can build your creditworthiness by helping you decrease your debt - to - credit ratio and pay off your balance, for example.

As their debts get paid off one by one, clients start to see an improvement in their debt to income ratio.

You can lower your debt - to - limit ratio by either taking out a new credit card or by paying off some of your debt.