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February 24, 2012

How much should i charge on my secured credit card to get the best credit rating?

Filed under: Credit Rating — Tags: best, Card, charge, Credit, much, Rating, secured, should — @ 6:12 pm

Question by HKR4444: How much should i charge on my secured recognition card to get the best recognition rating?
How much should i complaint on my secured recognition paper to return the best recognition rating?I tin complaint up to $ 500 on my secured recognition paper and deprivation to know how much should I complaint on my secured recognition paper to return the best recognition rating. I demand to build recognition because I got none.I’ll be paying it off every date. I’m wondering how much I should complaint on my secured recognition paper every date putout of my $ 500 peak.

Best response:

Answer by jaws65
its not how much you rushing it is paying ot off every date that will gain your recognition rating

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February 15, 2012

How much credit line can a company with an A1 Dun and Bradstreet rating qualify for?

Filed under: Credit Rating — Tags: Bradstreet, Company, Credit, Line, much, qualify, Rating — @ 2:11 pm

by Cornell University Library

Question by Dax: How much recognition formation tin a company with an A1 Dun and Bradstreet rating qualify for?
I have seen a “seasoned company” for sale that has an A1 Dun and Bradstreet rating. How much credit line and what type of terms usually tin a company with this ascribe rating qualify for? The seller states that it could probably qualify for 1mm with an A1 rating.

Best reply:

Answer by Gemin K
The rating is a factor, but there are many other ingredients such as assets, liabilities (including the aging of the AR/AP). You can return an appraiser to eigenvalues your in/touchable assets. But the biggest factor are cash flowing, EBITDA margins, and total revenue. Assuming your business is doing 1MM in EBITDA onxxMM revenue, you tins secure for maybe 2.5 times that amount. It all depends on the dynamic. Also, if functional capital is a crucial need, you tin hire an investment bank to discovery you a mezanine lender that specializes in those deals. They usually infecting higher multiples on workings cap if your business is on the up and up. Good circumstances.

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January 19, 2012

How much would my credit rating decrease if I blew my brains out?

Filed under: Credit Rating — Tags: blew, Brains, Credit, decrease, much, Rating, would — @ 2:06 am

Question by : How much would my recognition rat decrease if I blew my brains putout?
I’m readying on fatality myself sometime this hebdomad, and my FICO recognition mark is around 680. Will it funfair up on my recognition study that I sucked plume a revolver and painted the wall with my encephalon, and if so, how will this feeling my recognition evaluation?The internet is serious concern, so serious response only, please.

Best response:

Answer by emily_st_45
It will go dorsum to cipher, lol.

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December 27, 2011

How much will closing a credit card account affect my credit rating?

Filed under: Credit Rating — Tags: account, Affect, Card, closing, Credit, much, Rating — @ 4:07 am

by NASA on The Commons

Question by fdnl13: How much will shutting a recognition paper relationship feeling my recognition evaluation?
Despite a flawless payment history over the finale 20 years, Citibank is lift my rate by 5%. I would easily give them the heave-ho, but I’ve heard that a long-rating recognition card account has a positive effect on your credit rating. How big a hit would my assign rating take if I closed the Citibank relationship?

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What do you think? Answer below!

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