0
Is your credit line is based on your monthly income your current debt and length of residence at your current address?
Wiki User
∙ 9y ago
Yes, your credit line is based on your monthly income your current debt and length of residence at your current address.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Will your lease help build your credit score?
No. A lease is not a credit or "trade line" and therefore is not reported monthly. They will inquire on your credit but will not show up on your report other than in the inquiries and address fields.
What are the things that credit card companies look for when you are looking for approval for a card?
Besides for your previous credit history, credit card companies may be looking at your criminal history, length of time at current residence, time at your current job, total annual income, and many other factors for approval of your credit line.
How can you get an 850 credit score?
In order to get a credit score of 850, one has to do the following: * Have carried (and paid off) an auto loan and a mortgage loan * Only have one (1) credit card which is used on a monthly basis but does not get used beyond 20% of the maximum credit line (around credit reporting time) * Have lived at the current address for more than five (5) years * Have worked at the current employer for more than five (5) years * Have never missed a payment, charged off a loan or ever been late * No bankruptcy
What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
How often do credit card balances get reported to your credit report?
Monthly
Which of the following data is used to determine credit scores?
the legnth of stay at your current residence
Where do you mail your DISCOVER credit card payment?
There should be an address to mail payments to - on the reverse of your monthly statement.
Do i qualify for the tax credit if i bought my house as 2nd home but actually live in it?
The key here is this. Is the second purchase your PRIMARY residence? If you live in the home 24/7...not a vacation home...you use this address for your mail and primary residence, then it IS your primary residence. That fulfills the obligation in the rules for the tax credit.
How do you remove multiple addresses from credit report?
Addresses are kept on credit reports as a record of residence. These are not your primary address, and can not be removed. If it is incorrect or has never been your address, then you can have it removed by contacting the credit reporting agency. So, if you have in fact lived at one of the addresses, it is on your credit report to stay.
Will your lease help build your credit score?
No. A lease is not a credit or "trade line" and therefore is not reported monthly. They will inquire on your credit but will not show up on your report other than in the inquiries and address fields.
What are the things that credit card companies look for when you are looking for approval for a card?
Besides for your previous credit history, credit card companies may be looking at your criminal history, length of time at current residence, time at your current job, total annual income, and many other factors for approval of your credit line.
If you no longer live in the US and want to check your credit online will doing so cause your new address to show on your credit report?
They wouldn't know your address if you check the report online and do not enter your current address.
How does a free annual credit report make monitoring credit scores easier?
A free annual credit report makes monitoring credit scores easier because it sends a credit card's score monthly to an address securely and without any problems.
How can you get an 850 credit score?
In order to get a credit score of 850, one has to do the following: * Have carried (and paid off) an auto loan and a mortgage loan * Only have one (1) credit card which is used on a monthly basis but does not get used beyond 20% of the maximum credit line (around credit reporting time) * Have lived at the current address for more than five (5) years * Have worked at the current employer for more than five (5) years * Have never missed a payment, charged off a loan or ever been late * No bankruptcy
What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
Can I finance my mortgage in order to have a lower monthly payment?
The process of doing so is called refinaning. Interest rates depend on your current credit score.
Can you use your condo your primary residence for a equity line of credit?
If you live there, of course. If you do not live there, then it is not you 'primary residence'.
