Sentences with phrase «recent credit activity»

Your report also shows your most recent credit activity.

The importance of recent credit activity in scoring comes from research showing that not only is low utilization an indicator of lower risk, but maintaining low utilization while continuing to use credit responsibly — as opposed to paying off debt and putting the cards away — can be an indicator of even lower future risk and lead to a slightly higher score.

The repercussions also vary based on your other recent credit activity (did you recently miss a payment or max out a credit card?)

New Credit Accounts = 10 % — Your FICO score is also calculated based on recent credit activity.

Discover looks at information on your credit reports like recent credit activities and credit inquiries, too.

The Vantage credit scoring model may also have advantages over FICO when it comes to evaluating the creditworthiness of a borrower who doesn't have a lot of recent credit activity.

What's not so well known is another piece of scoring criteria that doesn't appear on a credit report, but instead is derived from utilization calculations: recent credit activity.

But although lenders have lowered their credit score requirements, your recent credit activity must be positive.

I was once required to make a larger down payment to qualify for an auto loan; though I'd paid off a car loan previously, it had been a few years and I had no credit cards or other accounts to demonstrate any recent credit activity.

These include the information you provide on your application and information from credit bureaus (which includes your credit history, recent credit activities and credit inquiries registered to your name).

If your recent credit activity proves you're moving in the right direction and working hard to improve your credit habits, some banks will overlook a damaged score.

When applying, Discover will also consider the length of your credit history, recent credit activities and inquiries in your name.

«Having too many accounts with balances can indicate a higher - than - optimal level of credit risk, yet not having any recent credit activity can also be an indicator of increased risk,» Paperno said.

Similar to other peer - to - peer loans, borrowers are evaluated — and loans are priced — based on credit and credit scores, debt - to - income ratios (DTI), the length of your credit history, and your recent credit activity.

I was once required to make a larger down payment to qualify for an auto loan; though I'd paid off a car loan previously, it had been a few years and I had no credit cards or other accounts to demonstrate any recent credit activity.

New Credit (10 percent): What's an applicant's recent credit activity?