Available Credit

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Dictionary Says

Definition of 'Available Credit'

The unused portion of an open line of credit, such as a credit card or a revolving loan (such as a home-equity line of credit). Available credit is the difference between the amount of the credit line or limit, and the amount that has already been borrowed.

Available credit is considered readily available for withdrawal or for direct purchases.
Investopedia Says

Investopedia explains 'Available Credit'

Available credit can be a key factor in a credit score, along with amounts outstanding from various lenders. A reasonable amount of available credit proves that the customer has successfully obtained credit lines in the past, and has the discipline not to use all credit available to him or her.
Search results for

'Available Credit'

  • How The Credit CARD Act Impacts Your Finances Today - Investopedia ...

    http://financialedge.investopedia.com/financial-edge/1011/How-The-Credit-CARD-Act-Impacts-Your-Finances-Today.aspx
    ... More Available Credit Before the Credit CARD Act was introduced, some credit
    card issuers reduced credit card limits. Reduced credit ...

  • 7 Tips For Closing A Credit Card Slideshow | Investopedia

    http://www.investopedia.com/slide-show/7-tips-closing-credit-card
    Closing a credit card can help improve your credit score by freeing up your available
    credit or getting out of a high interest rate agreement. ...

  • 4 Common Credit Card Misconceptions - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/4-Common-Credit-Card-Misconceptions.aspx
    ... So long as this amount reported isn't an unusually large percentage of your
    available credit, your credit score should not be affected. ...

  • How Credit Cards Affect Your Credit Rating

    http://www.investopedia.com/articles/pf/07/credit_card_rating.asp
    ... cards. This will improve your debt ratio by increasing your available credit
    compared to how much debt you are carrying. Basically ...

  • 5 Steps To Scoring A Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/08/mortgage-candidate.asp
    ... Applying for new credit temporarily lowers your credit score, and having
    too much available credit is also considered a warning sign. ...

  • Dialing In On The Credit Crisis

    http://www.investopedia.com/articles/financial-theory/08/credit-crisis-mortgages-iphone.asp
    ... Reduced or no available credit for businesses only added to the spiraling economy
    as many were forced to lay off employees, who would then be forced to ...

  • Obtaining Credit In A Bad Economy Slideshow | Investopedia

    http://www.investopedia.com/slide-show/credit-in-a-recession
    ... No late payments, keeping the oldest credit cards open, and keeping a low ratio
    of debt to available credit will help your credit score. ...

  • 3 Easy Ways To Improve Your Credit Score - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/3-Easy-Ways-To-Improve-Your-Credit-Score.aspx
    ... your total credit utilization rate across all of your credit accounts – and it also
    looks at the percentage of available credit you've used on each card. ...

  • Should You Close Your Credit Card?

    http://www.investopedia.com/articles/pf/08/close-credit-card.asp
    ... why you might reconsider closing a credit card: Unpaid Balances: When you close
    a credit card that has a credit balance, your available credit or credit limit ...

  • How An Insurance Company Determines Your Premiums

    http://www.investopedia.com/articles/pf/05/insurescore.asp
    ... of credit history, payment history, amount of revolving credit versus amount of
    credit in the form of loans, available credit and monthly account balance. ...

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