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Will having no credit cards or outstanding loans improve a credit rating over time or is having at least one account that is current better?
You have to have credit in order to have a credit history and a credit score. Every consumer needs at least one installment account and two revolving accounts that are managed properly for optimal points during the calculation that produces a credit score. It can be harder to get the credit you need, such as a mortgage loan, with no credit history than when a borrower has bad credit. Also, if a consumer has bad credit; positive, ongoing,accounts will offset the negative information.
What else can I help you with?
Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
Does my equity improve my chances of getting refinanced?
The more equity someone has, the better the chances of getting refinancing to go through. Confirming this with current lenders or banks would be best to get an accurate answer.
How does having a checking account impact my credit score?
Having a checking account does not directly impact your credit score. Your credit score is based on your credit history and how you manage credit accounts, such as credit cards and loans. However, having a checking account can indirectly affect your credit score by helping you manage your finances responsibly, which can lead to better overall financial health and potentially improve your creditworthiness in the long run.
Credit Union?
form_title=Credit Union form_header=How can joining a credit union benefit you? Better rates and fewer fees are just a few of the many reasons as to why. Have you used a credit union before?*= () Yes () No Are you looking to open a checking or savings account?*= () Checking () Savings Do you have any outstanding accounts with another bank?*= () Yes () No
Which banks offer the best savings account rates?
You will find the best rates for savings with an online account. THe larger your deposit the better your rate will be,try Netbank.
My current account gives me interest on my savings and my Mom says that it's better off to open up a savings account Why?
If you want a higher rate of interest compared to what you get on your current account you will need to look for a savings account. If you are keeping a lot of money in your current account you may be missing out. Compare rates and see if there is an account that would suit you better.
can i just have a savings accont to sve money?
Yes because the current account is used specially for business users the limit of withdraw ids more in current therefore saving account is can used for saving
What does the company Remedy Intelligent Staffing do?
The company Remedy Intelligent Staffing helps improve current businesses and helps make a better business environment. They help improve careers and keep jobs.
What Emmys is Better Call Saul nominated for?
Better Call Saul is nominated for the following Emmys for the 2019 show season: Outstanding Lead Actor in a Drama Series Outstanding Supporting Actor in a Drama Series Outstanding Guest Actor in a Drama Series Outstanding Writing for a Drama Series Outstanding Music Supervision Outstanding Drama Series Outstanding Sound Editing for a Comedy or Drama Series (One Hour) Outstanding Sound Mixing for a Comedy or Drama Series (One Hour)
Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
How do you write a appeal letter to bank on not closing my current account due to overdrawn?
When you write a letter to your bank make sure you are honest. It is always better to tell them the reasons for having your account overdrawn.
Is it financially better to pay off your home, or build an investment account?
It is always better to pay off any outstanding debts before investing in stocks. Plus if you pay off your house, you save a lot in interest and can potentially sell your home to make a profit.
What does s'ameloire mean in french?
"S'améliorer" in French means "to improve" or "to get better."
What makes a savings account a better investment than a checkings account?
A savings account earns interest.
What is another word for become better?
Improve?
Which is better for transmission alternating current and direct current?
Alternating current is better than direct current for transmission.
What does gooder mean?
outstanding ,best, good, better and... good, better, best never let it rest make your good better and your better best!
