Sentences with phrase «while average age of accounts»

Not exact matches

A fresh account lowers the average age of your credit lines, while a high balance on a low credit line can inflate your credit utilization ratio.

Drawbacks of More Credit Cards: While it's true that in the long term opening up a new credit card can help you to build credit, in the short term it will decrease your average account age, a factor used when calculating your credit score — with older being better in the eyes of card issuers.

According to the latest Vanguard «How People Save» report, the average 401 (K) balance is $ 96,000, while the median account balance is $ 26,405 (median age of participant is 46).

While a request for an increased limit may count as an inquiry just like opening a new card would, it won't reduce the average age of your credit accounts, which is also important for your FICO score.

Adding a bunch of new accounts to your credit history while churning will lower your average account age with the addition of each new account.

While not a huge part of your score, average age of accounts does move the needle.

While it is good to keep accounts open for a long time, the age of your accounts is only 15 % of your credit score, so as long as you have a couple old accounts helping to keep the average long, that should suffice though there is really no set formula that will guarantee a high credit score.

Clickability, Inc. (San Francisco, CA) 2/2008 — 9/2009 VP of Engineering & Client Services • Managed and rebuilt engineering, professional services, and technical support departments • Directly responsible for increased efficiency, revenue, and expansion from 18 to 40 people • Implemented an agile / scrum development methodology resulting in 12 platform releases • Created a QA team that implemented full regression testing and automatic platform deployment processes • Instituted an agile / scrum implementation process that dramatically reduced project implementation time, led to more successful executions and higher project visibility for customers • Restructured all internal case management processes reducing the average case age from 20 days to 4 days • Constructed a Technical Account Management program for key all accounts • Provided clear transition and escalation processes for all teams while reducing overall escalations • Acted as key executive sponsor for many strategic accounts including NBC, Philly.com, Voice of America, Clarity Media, and BI Media