Sentences with phrase «to keep one's balances low»

It is also a good idea to keep balances low on credit cards as well as other revolving credit since high outstanding debt also has an effect on your credit score.

You borrow a certain amount of money from the lender of your choice and pay it back on schedule while keeping your balance low in relation to your card's total credit limit.

In addition to making on - time payments, it's essential to keep your balance low relative to your available credit limit.

By keeping your balances low, gives you more available credit and lowers your credit utilization ratio.

So keep your balance low or pay down your balance to rebuild credit.

Additionally, consider paying off purchases more than once a month to keep your balance lower throughout the month.

Nearly a third of your score is dependent on your balances which means keeping your balances low is key.

This pay - as - you - go strategy helps keep your balance low and keeps you on top of your spending.

Keep the balance low at key intervals of the process.

Those that are eligible must pay off credit cards and keep the balances low over time.

Once balances are paid down it's best to keep balances low going forward and not to exceed 30 % of any one card's credit limit.

Making a payment before your statement closing date will keep the balance lower when it's reported, helping your overall credit.

Improve your credit with a few easy steps like keeping your balances low and paying your bills on time, all the time.

Finally, these cards can be great for building your credit, particularly when you pay in full and on time each month, thereby keeping your balance low.

In addition to making on - time payments, it's essential to keep your balance low relative to your available credit limit.

And by keeping their balances low, they'll be able to boost their credit and sock away more money in their emergency funds.

Additionally, consider paying off purchases more than once a month to keep your balance lower throughout the month.

So, keep in mind that it's up to you to manage your accounts responsibly such as demonstrating consistent, responsible credit management, for example having your payments processed on - time as well as keeping your balance low in relation to your credit limit.

Customers who keep their balance low and make on - time payments gradually establish or reestablish credit.

As his credit began to improve and he was able to get new credit cards of his own, Gardner keeps his balances low — around 4 percent and never more than 10 percent of the credit limit — and he made sure to pay all his balances in full every billing cycle.

If you have a high credit limit with your USAA Secured Card ® American Express ® account keeping the balance low can lead to a higher score over time.

You tend to pay bills on time and likely keep balances low.

Tip: Charge a small balance and pay the card off every month, always keeping the balance lower than 25 to 30 percent of the limit.

In addition, you may want to keep balances low on credit cards and other «revolving credit;» apply for and open new credit accounts only as needed; and pay off debt rather than moving it around.

The average household debt for Americans is steadily on the rise, so keeping your balance low is more important than ever.

Two primary ways to handle your credit credit accounts responsibly is to make sure your payments are always processed on - time by the card issuer and by keeping your balances low in relation to your credit limits.

If you're using your secured card responsibly by keeping the balance low and paying the bill off each month, you should be able to either convert the card to a regular account or get approved for a traditional card.

Sure, some of them may not have rewards or special perks, but if you can prove you're capable of using them responsibly — meaning keeping your balance low and always paying your bill on time — you will build good credit.

Additionally, consider paying off purchases more than once a month to keep your balance lower throughout the month.

You can be pretty confident that your combined credit utilization, where a lower overall percentage leads to a higher score, will continue to benefit from the addition of those six new credit limits well into the future, as you have added to the credit limit portion of the balance / limit equation while keeping balances low.

As a huge bonus, business owners who make on time payments and keep their balances low can build business credit, however it's worth noting that your payment history may be reported to personal credit reporting agencies and affect your personal credit scores.

It's easier to qualify for a secured credit card, especially if you keep your balance low and make payments on time.

However, if you continue to make your payments on time, keep your balances low, and manage the accounts you have responsibly, over time, your credit rating will increase and you'll see a change in the prequalification offers you receive.

As you continue to use credit cards to build a positive credit history, keep your balance low.

Stay on top of your payments, keep your balances low, and periodically check out your credit scores and reports.

It's important to keep your balances low and pay them down each month to keep your credit utilization ratio low.

But, as you use your credit card (assuming you keep your balance low and pay on time), your score will improve.

Never go over the limit, keep your balances low, and make payments on time — and you'll be on your way to a low - stress financial life, even beyond graduation.

Just remember to keep your balance low, and you'll enjoy cash back rewards along with credit benefits.

While some seniors continue to make payments on their loan in the same manner as they would with a traditional mortgage in order to keep their balance low, they feel secure knowing that they could skip those payments if needed.

That's a great strategy to keep you balances low.

Paying bills on time, keeping your balance low, and having a long credit history, among other things, can help your chances of improving your credit.

By opening an introductory credit card account, making on - time payments and keeping balances low, young consumers lay down a foundation for a strong credit history.