by Scoreology | Jun 2, 2014 | Credit Education, Credit Report, Credit Score, Debt Ratio, Types Of Debt, Uncategorized
The majority of people understand the basics, like how failing to make a payment will cause your score to go down, but there are a number of complexities that trip up the average consumer. If you pay your debts on time, don’t carry too much debt on any one card,...
by Scoreology | May 5, 2014 | Building Credit, Credit Education, Credit Report, Credit Restoration, Credit Score, Debt Ratio, Good Credit, Uncategorized
Debt ratio is the difference between the amount of debt you have charged versus the amount of money the credit card has authorized for you to use, or your credit limit. The difference is your debt ratio. This can also be referred to as revolving (credit card) credit...
by Scoreology | Oct 10, 2013 | Building Credit, Credit Cards, Credit Education, Credit Score, Debt Ratio
A balance transfer affects several different pieces of the credit score pie. While you are transitioning debt – paying off one side – you are also adding to the other side of the debt. You are also, in some cases, adding a new trade line to your credit....
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