Sentences with phrase «revolving credit tend»

This wedge says that people with installment credit and revolving credit tend to be less risky than people with just one or the other and thus have higher credit scores.

In terms of the impact each type of credit has on your score, revolving credit tends to weigh a little more heavily.

Not exact matches

Credit cards are revolving debt, and they tend to have a lot of variation in their balances.

Trended credit data is a two - year historical perspective on a consumer's utilization of credit accounts, giving lenders the ability to determine if a borrower tends to pay off revolving credit lines each month or if they tend to carry a balance month - to - month while making minimum or other payments.

Unlike consumer credit, which largely revolves around a fairly standardized credit ranking system, business credit scores tend to vary based on the reporting company or bureau.

«Revolving balances (e.g., credit and retail cards) tend to carry more weight than installment debt (e.g., mortgage, auto and student loans) when amounts owed are considered,» Paperno said.

FICO says people with the best scores tend to have an average credit utilization ratio of less than 6 percent, with three accounts carrying balances and less than $ 3,000 owed on revolving accounts.

Since affluent cardholders do not tend to revolve a credit card balance, issuers do not earn monthly finance charges from them.