Sentences with phrase «utilize revolving credit lines»

Credit cards, on the other hand, utilize revolving credit lines, which can be used, repaid, then used again over months or years.

Not exact matches

As far as DTI and FICO — FICO looks at your total available credit to credit utilized (the aggregate balance and percentage advanced on all of your revolving lines including HELOCs, credit cards, and overdraft protection lines — if they are reported).

This type of credit line is basically what is known as «revolving credit» and it can be utilized for big ticket items such as children's education, home improvement, medical bills or just to get ahead on monthly bills and expenses.

This category looks at revolving credit accounts to determine how much of your total available credit line you are utilizing.