Sentences with phrase «using credit lines»

«Among other things, I was able to use my credit line to buy a $ 4,000 piece of playground equipment for only $ 2,000 because I had the money in place to make a purchase right then and there,» she says.

Depending on the account terms, the bank might charge you a fee to use the credit line.

If a trader is using leverage he puts a cash deposit into the account then uses a credit line to extend the value of the securities he is able to purchase.

Also, it's good to know how using your credit line can affect your credit score.

Annual Fee — Regardless of whether or not Borrower uses the Credit Line, a nonrefundable fee of 1 % - 3 % of the Credit Limit will be charged to Borrower's Credit Line at the time the annual review is performed.

However, remember that if a major financial crisis occurs and you must use the credit line, this could be a path to foreclosure.

If you have extra fees or supplies you need for a course, it might be wise to use your credit line and spread the cost out a bit.

They used their credit line to the limit and found it difficult to pay even the small monthly amounts due on the account.

No matter what you're using your credit line for each month, try to make sure it's something that you can pay down with each bill.

The cardholder also receives statements and is required to make payments on the purchases made using the credit line.

You don't want to use a credit line like this for routine veterinary care, but it can come in handy if you have a major expense, such as a surgery or multiple treatments.

Also, it's good to know how using your credit line can affect your credit score.

However, don't let a reasonable APR stop you from using your credit line wisely.

With an even steeper APR for cash advances, a 2.7 foreign transaction fee and hefty charges for late or returned payments, you could easily find yourself in over your head if you don't use your credit line wisely.

We don't use credit lines, private investors or any other forms of third party approval.

We purchased the home in «cash» (we used the credit lines that I've created with equity from our portfolio).

Besides being just a stupid idea, the programs for using a credit line are very expensive.

As the process continues, the extra interest you pay always exceeds the extra principal pay down using the credit line.

There are no restrictions; you can use the credit lines for any business or real estate investing need.

I was wondering how many of you use a credit line to buy properties.

I used a credit line to rehab a house and my CPA told me the interest would be deductible business expense.

Not exact matches

It's not unheard of for people to use a home - equity line of credit to invest.

Some investors use lines of credit or take out a dedicated investment loan from a financial institution.

This Peter / Paul conundrum is interesting: we very often see examples where people have paid off their credit cards using available lines of credit, only to have their credit card balances swell back to where they were within a year or so.

Banks use this score to evaluate term loans and lines of credit up to $ 1 million.

Many successful entrepreneurs start their company using a credit card, a home equity line, or by taking a loan against their savings.

According to the agency, the ARC loans can be used to pay principal and interest on any «qualifying» small business debt, «including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities.»

«Securing a home equity line of credit, but not using it initially, is one way to give yourself easy access to money in case of unemployment or big bills,» said Holden Lewis, research analyst at NerdWallet.

Often, that translates to employees on the front lines stealing patient medical data or client social security numbers, which can then be sold on the black market or used to commit fraud like collecting someone else's social security benefits, opening new credit card accounts in another's name, or applying for health insurance by assuming the identity of someone else.

It didn't matter whether you used the money to spruce up your home or whether you tapped the line of credit to help you get through a period of unemployment.

Here's how: Prior to the Tax Cuts and Jobs Act — the new tax law — you could deduct the interest you paid on up to $ 100,000 of home equity lines of credit and home equity loans, regardless of how you used the money.

The other is that if a homeowner opens a HECM credit line, but doesn't use it right away, it can earn interest over time, at the prevailing mortgage rate plus 1.25 %.

Prior to the new tax law, you were able to take out a home equity loan or a home equity line of credit, use it to pay for anything and deduct the interest.

In theory, you could use your line of credit or your home equity loan to pay your bills or go on vacation and attempt to deduct the interest on your taxes.

If you have an excellent credit history, you may be able to use that to help you use a line of credit to fund your startup.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

What's more, lenders charge significant, and growing, premiums for the second mortgages and home - equity - backed lines of credit that are often used for cottage financing.

This means small businesses can use their lines of credit upon approval.

Manufacturers of seasonal equipment are among the types of businesses that could make good use of a line of credit.

(The difference is that in home equity loan, the bank provides a lump sum, often for a specific purpose, whereas a line of credit is much like a credit card — available credit for you to use when you need it.)

Still, the temptation now to use historically low - interest money from mortgages, personal credit lines and 401 (k) plans to invest in the stock market is great, especially as the Dow is reaching historic heights at more than 26,000 — a milestone unfathomable in 2009, during the Great Recession.

At the time, NetForce's only short - term financing was a flooring account, a line of credit that could be used only for equipment purchases.

Glen Dobi, founder and chief executive of Dobi & Associates, an Inc. 5000 honoree and a manufacturer of specialty wood chips used for barbecues, says a 0.25 percent increase will add $ 5,000 to the $ 50,000 he pays annually in interest for his line of credit from Comerica.

The federal funds rate is the rate that banks use to set the prime rate, their own lending floor for everything from credit cards to lines of credit and commercial loans.

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You can try to boost your score by reducing the balance on your business credit cards or requesting a credit - line increase to lower the percentage of your available credit in use.

The couple — she was a social worker, he was an engineer — took out a second mortgage to set up a brewing operation and made liberal use of several $ 10,000 - limit credit lines.

Jaskol turned up two immediate priorities for Bunn: raising its minuscule bank credit line (with an eye toward eventually financing part of its acquisitions through borrowing); and minimizing taxes through more effective use of income - deferral strategies.

For Tom Thompson, the owner of Nu - Way Relocation Services Inc., a moving company based in Chicago, a $ 50,000 line of credit from regional barter company Chicago Barter gave him working capital to use on everything from payroll services to a major electrical upgrade and even personnel bonuses.

«But the only way I can use that money is to run a credit line, and that's a dangerous habit to get into.»