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I'm assuming you mean a high credit score, which is determined by 35% debt payment history, 30% debt levels, 15% length of debt, 10% new debt, and 10% type of debt. So, a high credit score can mean that you do owe money and have a good history of paying it on time, but it can still be high even if you recently eliminated all your debt.
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∙ 11y ago
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Does debit on your british gas bill mean you owe them money?
Yes. Credit means that you have overpaid and they owe you money.
How high credit cards affect your credit score?
High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit.
Difference between credit sales and credit purchases?
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
Should you pay a bill not on your credit report?
Yes. If you have a bill it means either you owe someone money cause they gave it to you first or you owe someone payment for a service...either way, if you owe someone money then its only right to pay it. If you do not, they could send it to collections and then not only will it show on your credit report but it will damage it too.
Who do I owe money to credit card or bank if I get a credit card?
You owe the money to the credit card company. Some credit card companies are part of banks or they allow their credit cards to be used through a bank, but they are specific entities in their own right.
Does debit on your british gas bill mean you owe them money?
Yes. Credit means that you have overpaid and they owe you money.
What is meanby credit balance of cash book?
means u owe money
How high credit cards affect your credit score?
High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit.
Difference between credit sales and credit purchases?
credit sales are sales you have made on credit, so they still owe you the money for that item. credit purchases are things you have purchased from your suppliers on credit and therefore you owe the money for
What does it mean when a credit card company charges your account off?
that probably means you've used up all the money on your account. or your in the negative, which means you owe the bank money
Should you pay a bill not on your credit report?
Yes. If you have a bill it means either you owe someone money cause they gave it to you first or you owe someone payment for a service...either way, if you owe someone money then its only right to pay it. If you do not, they could send it to collections and then not only will it show on your credit report but it will damage it too.
Who do I owe money to credit card or bank if I get a credit card?
You owe the money to the credit card company. Some credit card companies are part of banks or they allow their credit cards to be used through a bank, but they are specific entities in their own right.
What is the difference between credit and debt?
credit is money and dept is where you owe someone or the bank alot of money did this help you?
What is meant by history of arrears?
The term arrears may be mentioned in a credit report or by a company you owe money to. A history of arrears means you do not pay what you owe in a timely manner and are behind on payments.
What is notes payable debit or credit?
Credit. It goes towards your credit balance. It's money you owe.
How can you find out what companies you owe money to?
PULL YOUR CREDIT REPORT
How do you get rid of the money that you owe from collection agency without paying them and become good credit again?
how to get rid of the money that you owe from collection agency without paying them and become good credit again
