0
What is strong credit history that gives the bank good reason to approve the loan?
Wiki User
∙ 12y ago
A-type
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Where to get a secured business credit card?
In order to get a business credit card with no PG you will need to have a strong business credit score. That is the first step.
Which companies offer cheap but quality mortgages?
"Rates will vary based on your needs, credit history, and location, but some popular mortgage lenders with strong reputations include ING Direct and Quicken Loans."
How long does it take to build credit?
There’s no quick fix for building credit. The only way to build credit is to manage your credit responsibly over time: Make timely payments on your credit accounts and outstanding debts to establish a positive track record of handling credit. Pay all bills on time; stay current on all payments; keep balances low on credit cards. Like getting in shape, building credit can only happen with time and effort.For someone just starting out, the best advice is to establish spending habits that will help you to make and keep your credit strong. Your credit score, which is a grade of how well you handle credit and loans, depends on two things: 1) The length of your credit history i.e. Do you have a track record that lets people see how well you handle credit? 2) The quality of your credit history i.e. During the time that you’ve had a credit history, have you created a pattern of making payments on time and following the terms of your loan or credit agreements?The best way to build a credit history and then to get good credit, is to own a line of credit through a financial tool like a credit card. Keep your credit balance in good standing by making charges and then making monthly credit payments on time. But make sure never to spend more money than you can handle.FYI: The credit reporting agency Equifax provides a helpful website with information on credit. It’s written for the general public, so it's very easy to read.http://learn.equifax.com/
How is credit rated for businesses?
Credit for business is rated based upon your payment history weighted by dollar amount. It is on a scale of 0-100. 0 being a very weak business credit score, and 100 being a very strong business credit score, although I have never personally seen a business with a 100. Typically an 80 is what you want to shoot for. That means your payments are generally within terms.
How can you get a secured business credit?
Obtaining secured business credit requires have a strong credit rating. Otherwise the bank to which one applies for credit will reject the business as a bad risk for a loan.
Which of the following statements is a strong reason for giving credit to sources of data in a formal business document?
It shows you have done solid research to back up your conclusions.
Did New York approve of a strong central government in 1828?
No, they believed in a representative government.
How do you start credit?
For someone just starting out, the best advice is to establish spending habits that will help you to make and keep your credit strong. Your credit score, which is a grade of how well you handle credit and loans, depends on two things: 1) The length of your credit history i.e. Do you have a track record that lets people see how well you handle credit? 2) The quality of your credit history i.e. During the time that you’ve had a credit history, have you created a pattern of making payments on time and according to the terms of your loan or credit agreements?The best way to build a credit history and then to get good credit, is to own a line of credit through a financial tool like a credit card. Keep your credit balance in good standing by making charges and then making monthly credit payments on time. But make sure never to spend more money than you can handle.FYI: The credit reporting agency Equifax provides a helpful website with information on credit. It’s written for the general public, so it's very easy to read.http://learn.equifax.com/
Will you get approved for a business financing loan with bad personal credit?
You will have tough time in getting business financial loan approved if you have bad personal credit history. This is more so if the business is proprietary business. The strong collateral security will be useful to solve the problem.
Why would you need a cosigner for a loan?
There are several common reasons. One is you may be too young to have established good credit; lenders look for a strong credit history, and young people just starting their professional life may not have established their credit-worthiness yet. Another reason is you may have had problems paying bills in the past, and although now you are showing that you are reliable, the lender still wants to be certain you will repay the money-- one way to be sure is to have a co-signer, who is responsible in the event you cannot make the payments.
Where to get a secured business credit card?
In order to get a business credit card with no PG you will need to have a strong business credit score. That is the first step.
Which companies offer cheap but quality mortgages?
"Rates will vary based on your needs, credit history, and location, but some popular mortgage lenders with strong reputations include ING Direct and Quicken Loans."
How long does it take to build credit?
There’s no quick fix for building credit. The only way to build credit is to manage your credit responsibly over time: Make timely payments on your credit accounts and outstanding debts to establish a positive track record of handling credit. Pay all bills on time; stay current on all payments; keep balances low on credit cards. Like getting in shape, building credit can only happen with time and effort.For someone just starting out, the best advice is to establish spending habits that will help you to make and keep your credit strong. Your credit score, which is a grade of how well you handle credit and loans, depends on two things: 1) The length of your credit history i.e. Do you have a track record that lets people see how well you handle credit? 2) The quality of your credit history i.e. During the time that you’ve had a credit history, have you created a pattern of making payments on time and following the terms of your loan or credit agreements?The best way to build a credit history and then to get good credit, is to own a line of credit through a financial tool like a credit card. Keep your credit balance in good standing by making charges and then making monthly credit payments on time. But make sure never to spend more money than you can handle.FYI: The credit reporting agency Equifax provides a helpful website with information on credit. It’s written for the general public, so it's very easy to read.http://learn.equifax.com/
How is credit rated for businesses?
Credit for business is rated based upon your payment history weighted by dollar amount. It is on a scale of 0-100. 0 being a very weak business credit score, and 100 being a very strong business credit score, although I have never personally seen a business with a 100. Typically an 80 is what you want to shoot for. That means your payments are generally within terms.
How can you get a secured business credit?
Obtaining secured business credit requires have a strong credit rating. Otherwise the bank to which one applies for credit will reject the business as a bad risk for a loan.
Can a spouse be required to co-sign under the Equal Credit Opportunity Act?
It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.
What makes a cylinder so strong?
Reason #1- rounded edges make a cylinder strong. Reason#2- distributes weight throughout cylinder
