
|Articles|September 16, 2008
- April15 2003
- Volume 10
- Issue 7
THE 50% CREDIT FLAG
Author(s)Michael Sheehan
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Most lenders get leery when theysee credit card accounts or homeequity loans on your credit reportwith balances that are more than50% of the account limit. To avoidgetting tagged as a poorer credit riskthan you really are, ask your cardissuer to raise the limit on theaccount. If that doesn't work, thinkabout putting part of the debt onanother card. Be careful with the latteroption, though; lenders also don'tlike to see a lot of new applicationsfor credit cards on your report andwill downgrade you as a credit risk ifthey see too many.
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Avoid the Turmoil of Insurance Mistakesabout 18 years ago
Bulletproof Your Car from the IRS' Aimabout 18 years ago
The PMD Answerman Q & Aabout 18 years ago
Impart Financial Values to Your Childrenabout 18 years ago
Watch Your Nest Egg's Financial Healthabout 18 years ago
Invest Some Land in Your 401(k) Accountabout 18 years ago
Plan According to Social Security Rulesabout 18 years ago
Discover Another Defined-Benefit Avenueabout 18 years ago
Know All Your Estate Planning BenefitsAdvertisement
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