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If you are planning to carry a large balance on a credit card should you look for?
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What percentage of credit card holders carry a balance from month-to-month?
42%
Should I carry a balance on my Credit Card to improve my Fico score. I'll be applying for a car loan and I wondered if having a balance on my credit card make my application look better?
So long as a card isn't maxed its not bad especially if there is a good payment history to be seen
Is it better to have a credit card with a high interest rate or low interest rate?
If you carry a balance, then it's better to have a low interest rate. If you do not carry a balance, then the interest rate doesn't matter at all.
What kind of credit is extended when a person uses a credit card?
The type of credit that is extended when a person uses a credit card is revolving credit. Revolving credit allows the consumer to carry a balance and pay a minimum monthly.
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 inventory carry a debit or credit balance?
debit buddy
Does paid-in-capital carry a debit or credit balance?
Paid in capital is the liability for business and like all other liabilities it also has credit balance as normal balance
What percentage of credit card holders carry a balance from month-to-month?
42%
Should I carry a balance on my Credit Card to improve my Fico score. I'll be applying for a car loan and I wondered if having a balance on my credit card make my application look better?
So long as a card isn't maxed its not bad especially if there is a good payment history to be seen
Is it better to have a credit card with a high interest rate or low interest rate?
If you carry a balance, then it's better to have a low interest rate. If you do not carry a balance, then the interest rate doesn't matter at all.
Is your credit score better if you carry a balance?
¥´ß Decode using alt keys on mac have fun
What kind of credit is extended when a person uses a credit card?
The type of credit that is extended when a person uses a credit card is revolving credit. Revolving credit allows the consumer to carry a balance and pay a minimum monthly.
Get The Best Credit Card For Your Financial Situation?
When choosing a credit card, most people look at the interest rate being charged. This is a good idea if you are planning on carrying a balance. A better idea is to not carry a balance every month. The best idea is to change the way you view credit cards in the first place. A credit card is not a way of having things you otherwise could not afford. Rather, it is a safety net that is available if and when an emergency occurs. With that in mind, choose a credit card that has a low interest rate and a low annual fee.
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.
What are good systems to keep your credit score high?
Generically, the following actions will help increase or keep your credit score high: * Make payments on time and every time * Don't carry a credit card balance that is more than 30% of the credit limit (e.g., for a limit of $2,000, don't carry a balance greater than $600) * Don't cancel outstanding cards * Don't apply frequently for new credit
Does accounts receivalbe carry a credit or debit balance?
Accounts receivable is an asset of company and like all other assets accounts accounts receivable also has debit balance.
What does it mean when the bank account in the cash book has a credit balance?
That doesnt happen often, but its when you send a bad check. Because cash account is an asset and carry debit balance
