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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
Can a high credit card balance prevent you from getting a mortgage?
Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.
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 no balance transfer fees mean exactly?
An individual may wish to transfer the balance of one credit card onto another. This is generally done when an offer on the original credit card is ending, or if the APR is higher than the new card. Often when doing this, the new credit card company may charge a fee, generally 1-5% of the balance transfer. When it says no balance transfer fee, it means there is no extra charge for a balance transfer.
What does it mean to transfer credit card balance?
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
Reginald's credit card statement states that his balance is 550 What does the term balance mean?
The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.
What do parentheses mean in a credit card account balance?
Usually it means that you have a credit balance and the credit card company owes you money. This occurs when you pay more than you owe or you receive a refund from a previous purchase.
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
Can a high credit card balance prevent you from getting a mortgage?
Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.
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 no balance transfer fees mean exactly?
An individual may wish to transfer the balance of one credit card onto another. This is generally done when an offer on the original credit card is ending, or if the APR is higher than the new card. Often when doing this, the new credit card company may charge a fee, generally 1-5% of the balance transfer. When it says no balance transfer fee, it means there is no extra charge for a balance transfer.
Your credit card statement says you have a 179.00 current balance and 13.00 available credit what does this mean?
It means that you owe 179 and that you have 13 more that you can charge to your card.
What future implacations does a charged out credit card balance have and what does charged out mean?
Charged out means you cant charge any more on your card, & the furer implications it will have is it will slowly make your credit bad credit till you pay your credit card off where their is no more out standing balanc.
What is Cr Crd Pmt mean on bank statement?
"Cr Crd Pmt" on a bank statement typically stands for "Credit Card Payment." It indicates a transaction where a payment has been made toward a credit card balance. This entry reflects a reduction in the outstanding balance of the credit card account and may appear when you make a payment from your bank account to your credit card issuer.
What does it mean when an outstanding account balance is closed on your credit report and the balance is shown as zero but you did not settle the debt from four years ago?
Most likely the credit card company wrote off the debt. However it will show on your credit as a write off, and your credit is still negatively affected by this. You did not receive a get out of jail free card.
