Not exact matches
This may mean
very little right now, but if you want
credit cards with higher spending
limits and lower rates, if you want to get great financing rates on your dream car, or if you want to qualify for a
good loan to buy a nice house for yourself after college, investing in real estate is great way to jump closer to those goals.
That said, if you have bad
credit, don't apply for an unsecured card for
good credit because you want the rewards or a higher
credit limit, as you'll
very likely be denied.
As I mentioned, we have
very «
good»
credit — WITH the high amount of debt we have, we are still in the
good - to - excellent range, and earlier on it was even
better — so for many years, our
credit limits kept going up, then we paid the minimums (before
credit reform said that your minimums had to drop the balance if only slightly) and the debt would quickly rise to meet it!
If you thought you had
good credit all along, it can be
very upsetting to know the loan you wanted so badly is now off
limits to you.
Whether you have
good credit or bad
credit, student loans should be
limited to the
very minimum that you need to cover your costs.
Based on the «
very good» odds here on CS, (705 TU score) I applied, and was approved in secswith a $ 4800
credit limit!
There is a
very good chance that our partner banks will raise your
credit limit provided you have not taken too many other loans or seen a significant reduction in your income.
When it comes to taking a loan with really bad
credit score, the borrower's options may be
very limited and not always
good.
In fact, if you were to pay off your
credit card debt over multiple cards with an installment loan, your debt - to -
limit ratio may
very well go to zero, and your scores will likely shoot through the roof — provided you keep up to date on payments with your new personal loan.
Aside from the $ 500 minimum, these «mandatory minimums» are a
very murky area sometimes since I've been able to reduce
credit limits for Visa Signature cards
well below $ 5,000 before.
More
credit limit is
very good and high percentage of
credit in use (debt) is bad.
The maximum trip costs with your
credit card are also
very limited (some as low as $ 500), but again, something is
better than nothing.