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If you have no late payments on your credit cards is it bad to completely pay off your balances?
Wiki User
∙ 18y ago
Keep the balances paid off to avoid interest charges. They can eat you up.
Wiki User
∙ 18y ago
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What benefits are offered by the balance credit cards?
Balance credit cards are those that allow the holder to transfer balances (debt) from other credit cards to this one. Since these credit cards usually come with a promotion that includes several months of no interest payments, they can be used to consolidate and pay off other credit card balances. The balances must be paid during the promotional period for this to be of benefit. Managing and paying off debt this way, saves money and improves one's credit score. These are the benefits of balance credit cards.
Could you get a credit card with a 528 score?
probably not, because your consider high risk to the merchant/lender. you probably have some high balances, slow payments and too many active credit cards or/and new credit cards
How good is a 425 credit score?
425 is a below average score. you probably have high balances, very slow payments, possibly too many or new credit cards
Can having to many credit cards with no credit balances reduce your credit score?
{| |- | 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. |}
What are some good ways to acquire good credit loans?
You will need to have good credit. This can be accomplished by not having too many credit cards, paying them off, or at least the minimum balances, and making sure your mortgage payments are on time.
What benefits are offered by the balance credit cards?
Balance credit cards are those that allow the holder to transfer balances (debt) from other credit cards to this one. Since these credit cards usually come with a promotion that includes several months of no interest payments, they can be used to consolidate and pay off other credit card balances. The balances must be paid during the promotional period for this to be of benefit. Managing and paying off debt this way, saves money and improves one's credit score. These are the benefits of balance credit cards.
Could you get a credit card with a 528 score?
probably not, because your consider high risk to the merchant/lender. you probably have some high balances, slow payments and too many active credit cards or/and new credit cards
How good is a 425 credit score?
425 is a below average score. you probably have high balances, very slow payments, possibly too many or new credit cards
Can having to many credit cards with no credit balances reduce your credit score?
{| |- | 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. |}
What are some good ways to acquire good credit loans?
You will need to have good credit. This can be accomplished by not having too many credit cards, paying them off, or at least the minimum balances, and making sure your mortgage payments are on time.
What benefits does the Juniper credit card offer?
Juniper credit cards offer a few different benefits. These benefits include online track account activity, make payments, transfer balances and more online.
Why do you have to have credit cards with balances on them to get a mortgage?
to show how repsonsible you are at paying your bills
Do London cabs accept credit cards?
Yes if you are booking them online or by call they do accept payments by credit cards.
What influences your credit score?
How many accounts you have open (including car loans, school loans and obviously credit cards). Also the high balances on your accounts, late payments and outstanding payments sent over to creditors. If you apply for cards many times in a small period of time (within weeks or months) your credit score may also be affected, whether they accept or decline your request.Hope this helps!
Should you make payments on some credit cards if you cannot on all cards?
yes.
What does no payments no interest mean?
As far as credit cards/credit accounts, you will not have to make any payments and no interest will be added till said date.
Does Bank of America take credit cards for mortgage payments?
Yes.
