- 1). Look for low debt balances compared to your income. Your debt should not surpass 30 to 35 percent of your income.
- 2). Look for a consistent history of on-time payments going back 12 to 24 months.
- 3). Examine the overall blend of credit, which should include a variety of debts such as auto loans, credit cards and personal loans.
- 4). Compare available credit balance with your current amount of outstanding debt, looking for a 1:4 ratio. For instance, if you have $100 available in credit, you should ideally have used only $25 of that available credit, because $25 represents a quarter of the available balance.
- 5). Review your recent attempts to obtain additional credit. Creditors want a snapshot of past and present credit history. They do not want a constantly changing picture created by recent applications for credit that may increase debt.
- Advertisement -
- Advertisement -
EDITOR PICKS & Articles
- Who"s the Boss? You Or Your Dog?
- Boxer Dogs As Hunting Dogs
- How to Protect a Dog from Eye Injury
- Westie Training For Enjoyable Trips With Your Pet
- Deciding to Train Your Own Dog
- Wild Alaskan Salmon Oil & Dogs
- Dog Training Techniques - Is Using Your Voice the Best Way?
- How to Recognize and Treat Pyothorax in Dogs
- The Decision To Have A Dog, Part One
- Cancer Options for Dogs
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Prev Post
Next Post
"Business & Finance" Categories
Advertising & Marketing
Arts & Crafts
Bankruptcy
Blogging
Biz
Business Insurance
Business News
Careers
Corporations
Credit
Debt
Electronic Commerce
Economics
Entrepreneurship
Finance
Home Based Business
Investing & Financial Markets
Loans
mortgage
Outsourcing
Personal Finance
Renting & Real Estate
Shopping
Small Business
Social Media
Stocks-Mutual-Funds
Taxes
Wealth Building
Stay With Us
"Business & Finance" MOST POPULAR
"Business & Finance" Lastest Articles