Sentences with phrase «revolving line utilization»

· revolving line utilization rate, or the amount of credit you are using relative to all of your available credit;

Not exact matches

Revolving debt utilization ratio — compares the current total balances to the cumulative credit limits on revolving accounts (credit cards, home equity line of crediRevolving debt utilization ratio — compares the current total balances to the cumulative credit limits on revolving accounts (credit cards, home equity line of credirevolving accounts (credit cards, home equity line of credit, etc.).

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.

It's a good rule of thumb to try to keep your revolving credit utilization (credit cards, lines of credit, etc.) to around 30 percent of the total revolving credit available to you.

Credit Utilization (balanced on revolving accounts like credit cards, line of credit, etc) contributes 30 % toward the credit scores.

While there are various vehicles of debt consolidation — credit cards, unsecured personal loans, home equity lines of credit — all you really need to know about the effects of consolidation on credit utilization, which comprises almost 30 percent of your score, is that revolving accounts (cards and some home equity lines) are included in these calculations while installment accounts (loans), for the most part, are not.

The goal of this move is to increase the average age of your revolving lines of credit without reducing your total credit limit, which will affect your utilization.

Since personal loans generally don't involve a credit line, transferring debt from revolving credit card debt to the installment debt of a personal loan will lower your credit utilization amount, and that will have a favorable impact on your credit score.

Every line of credit or credit card you have, must have less than 30 % in revolving balances for the best possible utilization and 50 % at the most if faced with a dire situation.