A credit score of 450 is not good at all. It is considered very high risk and you will not be able to recieve a credit line until your score goes up.
A line of credit is not bad by it self. It would be the balance of the line of credit that might raise some questions.
google : "establish credit" Or use a credit restore company - they can help as well and get you off on a great score ;) Wayne
Every individual has a line of credit. This line of credit is what determines your credit score and what will be used to approve or deny you credit cards or loans.
I believe this is a secured line of credit issued to the credit challenged, & will nickel & dime you to unpayable debt. ANY company that randomly seeks you out to issue you a credit or debit card is looking for people who are desperate, & WILL take advantage of you. Actually, it is not a Secured Line at all, rather it is a Unsecured Line of Credit for use on Online Catalog merchandise which can help to vastly improve your Credit Score by boosting your available credit balance. It does have a $2.95 application fee and a $39.95 a monthly membership fee which gives you a vast database on tips to improving your credit score as well as a Guaranteed Lowest online price for merchandise in their online stores.
Yes. A home equity line of credit is based more upon the equity on your home, not so much upon your credit score. Plus, 653 ain't so bad.
Google Fi requires a credit score of at least 640 to qualify for a credit line.
Definitely, your credit score isn
A line of credit is not bad by it self. It would be the balance of the line of credit that might raise some questions.
google : "establish credit" Or use a credit restore company - they can help as well and get you off on a great score ;) Wayne
Every individual has a line of credit. This line of credit is what determines your credit score and what will be used to approve or deny you credit cards or loans.
I believe this is a secured line of credit issued to the credit challenged, & will nickel & dime you to unpayable debt. ANY company that randomly seeks you out to issue you a credit or debit card is looking for people who are desperate, & WILL take advantage of you. Actually, it is not a Secured Line at all, rather it is a Unsecured Line of Credit for use on Online Catalog merchandise which can help to vastly improve your Credit Score by boosting your available credit balance. It does have a $2.95 application fee and a $39.95 a monthly membership fee which gives you a vast database on tips to improving your credit score as well as a Guaranteed Lowest online price for merchandise in their online stores.
Yes. A home equity line of credit is based more upon the equity on your home, not so much upon your credit score. Plus, 653 ain't so bad.
High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit.
If your combine total credit limit is below 35%, it will help your overall credit score. However, if you own more that 35% of your total credit line, meaning of all of your credit cards, you score will go down. Make sure you keep your line of credit usage below 30% on each card.
You can apply for credit cards on line or you can set up an account through an online service like PayPal. This allows you to pay for items through your checking account. Many merchants have the option to check out using PayPal instead of a credit card.
Before applying for a home equity line of credit the one tip you should know is to know your credit score. By kowing your credit score you are able to approach your bank with the information you need to apply for the right program and recieve the right line of credit.
ANSWER: If the old trade line was in good standing, yes.