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Is having more then 1 credit card good?
Yes, as long as you use it wisely. Don't carry a balance of more than 20% of the credit limit. This will help to improve your credit score.
Does paying off high balance credit card help your credit?
Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.
What is the lowest credit score you can have to really be considered for a commercial bank loan?
As of October 20, 2008, they are going to merge with T.D. BankNorth. A Credit Score of 640 is needed for a "Personal Loan". As of October 20, 2008, they are going to merge with T.D. BankNorth. A Credit Score of 640 is needed for a "Personal Loan".
Is 715 a good credit score?
Yes... as of today'sstandards(2013) anything above 650 is good 20% down and 700-800 is better (some clean up) and 800+ is no problems at all
Quickest way to raise your credit score?
what works best is when you use your credit card and pay it off soon as possiable. try not to open new line of credit, evertime someone looks into your credit score you drop 10-20 points. if you have open credit account and owe large sum of money, try to make payements and pay it off within short period of time. good luck!
How do collection accounts affect your credit score?
== == Collection account are 20% of the total credit score module.
How good is a French Baccalaureate score of 20?
A score of 20 is a perfect score.
Is having more then 1 credit card good?
Yes, as long as you use it wisely. Don't carry a balance of more than 20% of the credit limit. This will help to improve your credit score.
Does paying off high balance credit card help your credit?
Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.
Is 769 a good credit score?
A 769 is a very good score. You should qualify for all the best credit card, mortgage, and auto loan rates. For example: I have a 769 credit score, and the last credit card I activated offered 0% on balance transfers and 0% on new purchases for 21 months. After 21 months the remaining balance will then be only 11.90%, which is much lower than the 20%+ that many average credit consumers are forced to pay. Your good credit score allows you to pay less in interest and will save you thousands of dollars over your life time.
How can you improve your credit score 20 points when you have just old medical bills to pay and will this help?
You have to have a open active account in order to get a credit score increase.
What is the lowest credit score you can have to really be considered for a commercial bank loan?
As of October 20, 2008, they are going to merge with T.D. BankNorth. A Credit Score of 640 is needed for a "Personal Loan". As of October 20, 2008, they are going to merge with T.D. BankNorth. A Credit Score of 640 is needed for a "Personal Loan".
How do credit cards affect an individuals credit history?
Credit Cards greatly impact a credit score. In fact, 30% of your credit score is determined by how well you use credit cards. (Utilization Rate). You want to keep your Utilization rate at 20% or less of the credit limit.
What percentage of your balance should be pay down to help with your credit score?
20%
Is 715 a good credit score?
Yes... as of today'sstandards(2013) anything above 650 is good 20% down and 700-800 is better (some clean up) and 800+ is no problems at all
Quickest way to raise your credit score?
what works best is when you use your credit card and pay it off soon as possiable. try not to open new line of credit, evertime someone looks into your credit score you drop 10-20 points. if you have open credit account and owe large sum of money, try to make payements and pay it off within short period of time. good luck!
Once i am blacklisted for credit how long am blacklisted for?
Well there is no such thing as a blacklist. When you pay your bills on time your credit score maintains a good rating (score of 800 I THINK is perfect) although the score range varies depending upon the credit reporting agency. When you are late with payments your score declines, indicating higher risk. Your score will decline FASTER than it will increase... SO... If you a late on a single payment you may loose say 20 points on your score. To gain those 20 points back could take 6 - 10 months. After bankruptcy your score COULD go up from where it was PRE bankruptcy, depending upon how low it was at that time. This does not mean you have good credit at all. After bankruptcy it will generally take about 2 years before you can start getting credit again. When you do this will be high risk credit so limits will be low (buying power) and your interest rates will be high. As time goes on; generally another 2-3 years your limits will start increasing and your interest rates will go down.
