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If you have a credit card with a balance of 754.43 at a 13.6 APR. If you have 300.00 available each month to save or pay down your debts. a. How many months will it take to pay off the credit card if?
Wiki User
∙ 6y ago
It will be paid off after 4 months of payments. In total you will pay $1,056.53, which is $302.10 in interest.
Remember kids, use your credit wisely.
Wiki User
∙ 6y ago
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Will asking for an increase in your credit limit affect your FICO score?
An increase in credit limit may not hurt your FICO score at all, in fact it might even help it.If you can demonstrate that you have successfully gotten two or three unsecured credit cards, and have been able to keep them a few years that is considered good credit. Also, if you have a high limit but 30% or less balance owed, that is the strongest for FICO purposes.Because FICO score incorporates averages, if you have more than 20-30000 of credit limit or more that might be seen as "higher" than average. 2 or 3 cards with low balance owed and about 20-30K balance is probably best.More Information:If the requested increase is more than 10%, the lender will probably request a copy of the customer's credit report from 1 or all 3 bureaus. This will cause an "Inquiry" to by added to the credit report and the FICO scoring system subtracts points from the score for these inquiries. Once the increase is granted, it may increase the score if it is not used (lowers credit utilization ratio).This will vary for each person but understanding the details of how this effects your FICO score can help you make an educated determination.If you must receive an inquiry for requesting a credit limit increase, keep in mind that generally these inquiries have a minor impact on your FICO score if you do not regularly make such inquiries. Also these inquiries fall off of your report in about two years.A credit limit increase will make a more long term improvement on your debt to available credit ratio (so long as you don't use the newly available credit) which is a key factor in determining your FICO score. In many cases, this is a good strategy even if you receive a small point reduction initially for having the additional inquiry on your report. This is especially effective if you do not already have a good balance to available credit ratio.If you already have an abundance of available credit and low balances, this may not improve your score at all as the available credit can also be looked at as 'potential debt'. Increasing your credit limits will best help your score if you can answer yes to the following questions:- Does the amount of credit available to you seem low in comparison to what you can afford to make payments on?- Are low credit limits making your debt to available credit ration seem higher than it should be?
How many us dollars is 30000 pounds?
£30000 is $36404 USD
How much is 30000 euro in US dollars?
You can just type this on Google : " 30000 EUR in USD "
How much is 30000 us dollars in british pounds?
In British Pounds 30000 us dollars are Pound 19,020,000.
If you have 30000 in credit card debt and move permanently to Europe can credit card companies do anything about it?
I would think so - debt is debt no matter where you live. One can't simply run away from this and never be expected to pay. Worst case is that you might be denied entry back into the states again until the debt was settled.
What is journal entry for investing 30000 in cash?
[Debit] Investment in company 30000 [Credit] Cash 30000
Can you get a 30000 loan with bad credit and no cosigner?
Yes, you can get a 30,000 from your father.
Honda activa engine need to service after 30000 kms?
not after 30000 kms but after every 3000kms or after 3 months from last service
Once a balance is paid down to zero on a credit balance is it advantageous to close the account formally or will the zero balance be sufficient to show that the item has been closed?
If the card is paid off and you aren't using the card, that doesn't mean you should close the account; in fact, doing so can hurt your credit score (i.e., the score that tells companies whether you are a good candidate to loan money to). These companies, when they look at your credit report, want to see a few things: 1) Do have a history of credit being extended to you? They want to see a long history, which is why you should NEVER close the account for the credit card you've had the longest, even if you never plan to use it again: keeping the account open keeps it on your credit history, showing that you've have credit for a while. 2) Do you have multiple types of credit (credit cards, mortgage, car loan, cell phone, student loan, etc.)? They like to see a mix 3) How much of your credit do you use? They like to see that you use no more than around 30% of the credit available to you. For example, let's say you have two credit cards--one with a $10000 limit, one with a $20000 limit--and so, you have $30000 of available credit. You owe $5000 on the card with a $10000 limit and $0 on the $20000 card. That means you're using about 17% of your available credit ($5000 of $30000). That's fine. But let's say you close your $20000 card. Now, all of a sudden, you're using $5000 of $10000 in available credit--50%. That looks horrible--like you are living beyond your means, getting by on credit, even though you owe THE EXACT SAME AMOUNT OF MONEY as you did when you had $30000 of credit. But, by closing the account, you jacked up your debt ratio past 30%, making you look like a poor manager of credit. People will be less likely to offer you credit now, and they'll offer you worse interest rates when they do. In other words, paying off the card is sufficient. Just make sure you don't run up additional credit card debt that you can't pay off in full every month, or all your hard work will have been for nothing.
Will asking for an increase in your credit limit affect your FICO score?
An increase in credit limit may not hurt your FICO score at all, in fact it might even help it.If you can demonstrate that you have successfully gotten two or three unsecured credit cards, and have been able to keep them a few years that is considered good credit. Also, if you have a high limit but 30% or less balance owed, that is the strongest for FICO purposes.Because FICO score incorporates averages, if you have more than 20-30000 of credit limit or more that might be seen as "higher" than average. 2 or 3 cards with low balance owed and about 20-30K balance is probably best.More Information:If the requested increase is more than 10%, the lender will probably request a copy of the customer's credit report from 1 or all 3 bureaus. This will cause an "Inquiry" to by added to the credit report and the FICO scoring system subtracts points from the score for these inquiries. Once the increase is granted, it may increase the score if it is not used (lowers credit utilization ratio).This will vary for each person but understanding the details of how this effects your FICO score can help you make an educated determination.If you must receive an inquiry for requesting a credit limit increase, keep in mind that generally these inquiries have a minor impact on your FICO score if you do not regularly make such inquiries. Also these inquiries fall off of your report in about two years.A credit limit increase will make a more long term improvement on your debt to available credit ratio (so long as you don't use the newly available credit) which is a key factor in determining your FICO score. In many cases, this is a good strategy even if you receive a small point reduction initially for having the additional inquiry on your report. This is especially effective if you do not already have a good balance to available credit ratio.If you already have an abundance of available credit and low balances, this may not improve your score at all as the available credit can also be looked at as 'potential debt'. Increasing your credit limits will best help your score if you can answer yes to the following questions:- Does the amount of credit available to you seem low in comparison to what you can afford to make payments on?- Are low credit limits making your debt to available credit ration seem higher than it should be?
What is 29 percent of 30000?
29% of 30000 = 29% * 30000 = 0.29 * 30000 = 8700
What is 2 percent of 30000?
2% of 30000 = 2% * 30000 = 0.02 * 30000 = 600
What is 7 percent of 30000?
7 % of 30000 = 7/100 * 30000 = 0.07 * 30000 = 2100
How much would 30 percent of 30000 be?
30% of 30000= 30% * 30000= 0.30 * 30000= 9000
what is 10000+20000?
30000
A person drives 5000 miles in 6 months How many miles will that person drive in 3 years?
5000x2= 10000 miles in 1yr 10000x3= 30000 miles in 3 yrs answre= 30000 miles in 3yrs
How do you write 30000 as a fraction?
30000 or 30000 over 1 _____ 1
