Sentences with phrase «revolving credit activity»
Not exact matches
It tracks not only the positives of the last time a payment was made on a revolving balance like a credit card or when a student loan was paid in full and the account was closed but also negative activities.
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An example of meeting the mortgage loan requirement is having a revolving account (credit card) that has been reporting activity for the past 24 months plus 2 other trade lines that have had activity reported for 12 months each, both within the past 24 months.
Simply having one or two credit cards in your wallet to pay for groceries and gas is enough to keep your credit activity revolving and current.
Simply having one or two credit cards in your wallet to pay for groceries and gas is enough to keep your credit activity revolving and current.
The monthly increase in the holdings of revolving credit by depository institutions may indicate that lending activity is beginning to grow.