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Will having no credit cards or outstanding loans improve a credit rating over time or is having at least one account that is current better?
Wiki User
∙ 19y ago
You have to have credit in order to have a credit history and a credit score. Every consumer needs at least one installment account and two revolving accounts that are managed properly for optimal points during the calculation that produces a credit score. It can be harder to get the credit you need, such as a mortgage loan, with no credit history than when a borrower has bad credit. Also, if a consumer has bad credit; positive, ongoing,accounts will offset the negative information.
Wiki User
∙ 19y ago
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Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
Does my equity improve my chances of getting refinanced?
The more equity someone has, the better the chances of getting refinancing to go through. Confirming this with current lenders or banks would be best to get an accurate answer.
Credit Union?
form_title=Credit Union form_header=How can joining a credit union benefit you? Better rates and fewer fees are just a few of the many reasons as to why. Have you used a credit union before?*= () Yes () No Are you looking to open a checking or savings account?*= () Checking () Savings Do you have any outstanding accounts with another bank?*= () Yes () No
Which banks offer the best savings account rates?
You will find the best rates for savings with an online account. THe larger your deposit the better your rate will be,try Netbank.
What is the Current ratio for a financial institution?
Total current assets on the company 'balance sheet' divided by total current liabilities. The higher the better. It is a quick measure financial strength near term.
My current account gives me interest on my savings and my Mom says that it's better off to open up a savings account Why?
If you want a higher rate of interest compared to what you get on your current account you will need to look for a savings account. If you are keeping a lot of money in your current account you may be missing out. Compare rates and see if there is an account that would suit you better.
What does the company Remedy Intelligent Staffing do?
The company Remedy Intelligent Staffing helps improve current businesses and helps make a better business environment. They help improve careers and keep jobs.
can i just have a savings accont to sve money?
Yes because the current account is used specially for business users the limit of withdraw ids more in current therefore saving account is can used for saving
Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
What Emmys is Better Call Saul nominated for?
Better Call Saul is nominated for the following Emmys for the 2019 show season: Outstanding Lead Actor in a Drama Series Outstanding Supporting Actor in a Drama Series Outstanding Guest Actor in a Drama Series Outstanding Writing for a Drama Series Outstanding Music Supervision Outstanding Drama Series Outstanding Sound Editing for a Comedy or Drama Series (One Hour) Outstanding Sound Mixing for a Comedy or Drama Series (One Hour)
What does s'ameloire mean in french?
"S'améliorer" in French means "to improve" or "to get better."
What is another word for become better?
Improve.
How do you write a appeal letter to bank on not closing my current account due to overdrawn?
When you write a letter to your bank make sure you are honest. It is always better to tell them the reasons for having your account overdrawn.
Is it financially better to pay off your home, or build an investment account?
It is always better to pay off any outstanding debts before investing in stocks. Plus if you pay off your house, you save a lot in interest and can potentially sell your home to make a profit.
What is the definition of improve?
Improve means to make something better.
What makes a savings account a better investment than a checkings account?
A savings account earns interest.
How will you improve your worst to better and better to best?
One way to improve your worst to better and better to best is the number one golden rule is study what you want to improve at suggestion make sometime in the day to study what you want to be better at and study until your better at that skill. Guranteed advice that will get you better in no time.
