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How does available credit and credit limit differ?
The difference between available credit and the credit limit is related to the account balance…
Monthly Archives: March, 2017
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Definition of credit limit
What is a credit limit? The term credit limit refers to the maximum amount of…
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What are the most common reasons why requests to increase my credit limit are refused?
When you request a credit limit increase from your credit card provider, your current debt…
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Determining the percentage of a business’s credit sales
Many businesses sell items to customers on credit or advance a product with the expectation…
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Is it possible to have too high a credit limit?
Consumers who are trying to improve their credit rating are often advised to increase the…
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What are the differences between installment sales and credit sales?
Installment sales and credit sales are quite similar. Each is a form of credit that…