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Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?
AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history
What is mean by credit approval?
Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.
What does the term "credit card APR" mean?
The term "credit card APR" stands for Annual Percentage Rate, which is the interest rate charged on any outstanding balance on a credit card over the course of a year.
What does APR mean on a credit card?
APR stands for Annual Percentage Rate on a credit card. It is the interest rate charged on any outstanding balance on the card, expressed as a yearly percentage.
What does APR mean when it comes to a credit card?
APR stands for Annual Percentage Rate, which is the interest rate charged on outstanding credit card balances over a year. It represents the cost of borrowing money on a credit card and is an important factor to consider when managing credit card debt.
What does credit card mean?
A Credit Card is a card that enables you access to a line of credit offered by banks and some other places. When you use the card to 'pay' for something, the bank is paying for it, it is like a loan. The bank charges you a fee for this service, called interest, a percentage of the borrowed money.
Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?
AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history
What is mean by credit approval?
Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.
Can I get a loan without giving my credit score?
No, you can't get a loan without the bank checking your credit score. But just because you have a low credit score, this doesn't necessarily mean you can't get a car loan. You may just get a loan with a higher interest rate.
What is mean by approval?
Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.
What does the term "credit card APR" mean?
The term "credit card APR" stands for Annual Percentage Rate, which is the interest rate charged on any outstanding balance on a credit card over the course of a year.
What does APR mean on a credit card?
APR stands for Annual Percentage Rate on a credit card. It is the interest rate charged on any outstanding balance on the card, expressed as a yearly percentage.
What does APR mean when it comes to a credit card?
APR stands for Annual Percentage Rate, which is the interest rate charged on outstanding credit card balances over a year. It represents the cost of borrowing money on a credit card and is an important factor to consider when managing credit card debt.
What does aggregate loan limit mean?
Aggregate loan limit is the max amount you can take out in student loans. It's like a credit card, if you max out the card, you have to pay down the principle balance before you can use that card again.
What does 4.9 percent p. a. interest mean on a credit card?
It means the percent of interest paid annually (p.a. means per annum).
What does it mean if your loan payment is overdue?
If your loan payment is overdue, you will be charged interest that is higher than normal. You may also be charged a late fee and hurt your credit rating.
What does the term "APR" mean when it comes to credit cards?
APR stands for Annual Percentage Rate, which is the interest rate charged on credit card balances over a year. It represents the cost of borrowing money on a credit card.
