0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Will it affect your credit rating and score if you have 5 credit cards but use only one and neglect the other four cards?
== == Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. == == == ==
If you have two credit cards in good standing with only four months of credit report are there any lenders that accept limited history?
Yes, many do.
What factors determine the credit rating by the S and P?
== == There are four or even five factors that affect your scores: Payment History Balance Mixture of Credit Late Payments
How many credit card tradelines should one have?
It all depends on your goals and your current credit history. You typically want a mix of credit if you want a higher score, which in turn helps you get better cards with better terms and higher limits. A safe approximation to how many credit cards you should have depends on how long you've been using credit, so start with one or two, and build* until you have three or four lines (or more if you wish). Just remember to have a MIX of credit- your score can drop or stay low if you only have credit cards on your credit report... * in order to build and maintain a higher score, you need to exercise discretion and patience. Getting a high score doesn't happen overnight...
What are the four Cs of credit?
The four Cs of credit are Character, Capacity, Capital, and Condition.
What are the four factors that determine a persons creditworthiness?
The four factors that determine a person's creditworthiness are payment history, credit utilization, length of credit history, and types of credit used. These factors are used by lenders to assess the risk of lending money to an individual and determine the terms of the loan or credit card.
Will it affect your credit rating and score if you have 5 credit cards but use only one and neglect the other four cards?
== == Your overall credit history will determine how your credit is affected by having numerous credit cards. However, having an overabundance of credit cards with high balances or credit availability can negatively impact risk scores if your credit history is questionable. == == == ==
If you have two credit cards in good standing with only four months of credit report are there any lenders that accept limited history?
Yes, many do.
What factors determine the credit rating by the S and P?
== == There are four or even five factors that affect your scores: Payment History Balance Mixture of Credit Late Payments
How many credit card tradelines should one have?
It all depends on your goals and your current credit history. You typically want a mix of credit if you want a higher score, which in turn helps you get better cards with better terms and higher limits. A safe approximation to how many credit cards you should have depends on how long you've been using credit, so start with one or two, and build* until you have three or four lines (or more if you wish). Just remember to have a MIX of credit- your score can drop or stay low if you only have credit cards on your credit report... * in order to build and maintain a higher score, you need to exercise discretion and patience. Getting a high score doesn't happen overnight...
What are the four Cs of credit?
The four Cs of credit are Character, Capacity, Capital, and Condition.
Never Pay For A Credit History Report?
Never pay for a credit history report. It is now possible to obtain a free credit report from each of the three credit reporting agencies once a year. Be smart and request a free report from each agency every four months so that you can stay current year round. Also, if you ever apply for credit and are turned down, you may request a free credit report from the credit reporting agency the credit check was obtained from. Credit reporting agencies also offer reports during their free trial memberships. Simply cancel your membership before you are obligated to pay anything.
What types of credit unions are there?
There are four different types of credit unions. They are global credit unions, national credit unions, local credit unions, and employee credit unions.
What four major credit cards do credit card generator make?
"There are several hundred credit cards on the market. Four of the major ones are Discover, Capital One, Citibank and Bank of America."
Why is your credit score lower than it was two years ago if you have paid off your first mortgage and all delinquencies and have been on track for four years?
== == Many reasones. Delinquencies stay on your credit score up to two years. There are other reasons why your credit could be affected. Here are the five factors: Payment History Delinquencies Credit Limit Inquiries
Types of credit?
There are four basic types of credit. Service credit is monthly payments for utilities, loans let you borrow cash, installment credit, and credit cards.
What types of unions are there?
There are four different types of credit unions. They are global credit unions, national credit unions, local credit unions, and employee credit unions.
