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.
accounts in which money is owed.
by the amount owed to each vendor
total the amount of owed bills
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.
False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.
accounts in which money is owed.
by the amount owed to each vendor
by the amount owed to each vendor
by the amount owed to each vendor
by the amount owed to each vendor
total the amount of owed bills
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.
Accounts receivable
False, Accounts payable represents the amount payable to creditors rather debtors which is called accounts receivable.
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.
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...
Accounts receivable is money that was owed to you being paid/