Sentences with phrase «types of credit lines available»

Not exact matches

How each company calculates it remains a trade secret, but most consider your payment history, available lines of credit, the types of credit you have, credit inquiries you've made and the years you've had ongoing credit as part of the total number.

How each company calculates it remains a trade secret, but most consider your payment history, available lines of credit, the types of credit you have, credit inquiries you've made and the years you've had ongoing credit as part of the total number.

And, the available funds in this type of line of credit grow over time, while HELOCs typically provide a fixed amount that the borrower can draw against and that the lender could freeze at any time to preclude further borrowing.

A home equity line of credit is a revolving line of credit secured by your home and is the most flexible type of home financing available.

«By carrying over credit card balances and utilizing a significant portion of their available balance, they can potentially negatively affect their credit scores, which can in turn hurt them when it comes to applying for other types of credit down the line including mortgages and car loans.

Common Types of Home - Equity Loans Home equity loans are available in two categories - lines of credit and fixed - rate loans.

However, bear in mind that while these type of loans for credit card consolidation purposes are widely available to most borrowers, but they frequently demand interest rates that are higher than available home equity line of credit solutions.