answersLogoWhite

0

It means that you have maxed out on your credit limit - they are not going to lend you any more money until you have payed off some of your debts.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What is the meaning of the word accounts recievable?

accounts in which money is owed.


How are accounts in Accounts Payable Ledger arranged?

by the amount owed to each vendor


How are accounts in the accounts payable ledger arranger?

by the amount owed to each vendor


How are the accounts in the accounts payable ledger arranged?

by the amount owed to each vendor


The accounts in the Accounts Payable Ledger are arranged?

by the amount owed to each vendor


How do you evaluate an accounts payable?

total the amount of owed bills


What are Accounts Payable and Notes Payable?

Accounts payable are the amounts owed to a supplier that the buyer holds an account with. Notes payable is the amount owed to creditors, that is, suppliers that the buyer does not hold an account with.


What is the amount of money owed a health care facility when claims are pending called?

Accounts receivable


Accounts Payable represents amounts owed to debtors True False?

False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.


What factor will your credit rating have?

About 30 individual factors are used to determine the score. Certain factors, such as payment history, have more weight than others, such as the length of your credit history. Also informative is the list of "reasons" that may be provided to account for why a score isn't higher. When lenders request your credit score, they also receive a list of the four most significant reasons your score is not higher. The possible FICO reasons are: * Amount owed on accounts is too high. * Delinquency on accounts. * Too few bank revolving accounts. * Consumer finance accounts. * Too many accounts opened in the last 12 months. * Amount owed on revolving accounts is too high. * Time since delinquency is too recent or unknown. * Length of credit history is too short. * Amount past due on accounts. * Date of last inquiry too recent. * No recent bankcard balances. * Too few accounts with recent payment information.


Becaon score sHow is 744 comment amount owed on accounts is too high what does it means?

It can mean that your score is good. Obviously since your score is good, everything is being paid on time - but your DTI (debt to income) is low. For example, if you have a two credit cards with $2,000 high on each, and an auto loan for $15,000 - but your making $35,000 a year - its going to show that your amount owed on account is too high. The banks/creditors figure in what you should spend on your monies owed (car payments & credit card payments), and what you should spend on necessities such as food, etc...


What is bills accounts receivable?

Accounts receivable is money that was owed to you being paid/