For example: making
regular credit card repayments to reduce or keep your balance under 30 % of your limit.
Not exact matches
Outgoings that must be paid on a
regular basis e.g.
credit card, loan and student loan
repayments, maintenance, childcare and committed pension contributions.
Consumers must be given
regular billing statements related to their overdraft debt, and funds for
credit repayment must remain separate from funds to reload the
card.
While they come with high fees, high interest rates and low limits, these
cards report your
repayment history to the major
credit bureaus each month, so as you make on - time payments, your
credit score will improve — to the extent you won't need the secured
card anymore (they aren't the most advantageous out there), or the
card issuer will let you convert to a
regular card (usually after 12 to 18 months).
The MDCL operates on the same premise as a
regular debt consolidation loan: take out one loan to pay off all unsecured debts, such as
credit cards, medical bills, payday loans, etc. and make a single payment to one lender rather than multiple loan
repayments to multiple creditors.
Credit cards allow you to borrow money up to a certain limit as long as you make
regular minimum
repayments.
Almost any loan with
regular repayments of principal and interest can be securitized, from auto loans and equipment leases to
credit card receivables and mortgages.