About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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How an Installment Loan Could Improve Your Credit Score

iQuanti: An installment loan can help a borrower cover a variety of expenses like car repairs, medical bills, and home improvement projects. The borrower receives a lump sum of money upfront and will repay the loan over time with fixed monthly payments. Paying down an installment loan may also improve the borrower's credit score. Here's a closer look at how an installment loan could improve your credit score.  

How an installment loan could improve your credit score 

There are several ways an installment loan could boost your credit score, including:  

Credit Mix: Your credit score benefits when you are paying off different kinds of debts such as installment loans, credit card balances, and home mortgage obligations. An installment loan can diversify your credit mix and may positively impact your score.  

Payment History: Payment history makes up 35% of your credit score. This is because the credit bureaus want to see that you're a responsible borrower who's committed to making on-time payments. If your payments are on time, every time, carrying an installment loan may improve your credit score. 

Credit Utilization Ratio: Credit utilization refers to how much credit you are using compared to how much credit your lenders have made available to you. If you take out an installment loan to pay off a credit card balance, you could be reducing your credit utilization ratio and could improve your credit score.  

How an installment loan could hurt your credit score 

While an installment loan could help your credit score, it might also hurt it. Here's how. 

Hard Inquiry: When you apply for an installment loan, the lender will likely perform a hard inquiry and pull your credit report so it can determine whether it will lend you money. A hard inquiry can temporarily cause your credit score to drop by a few points.  

Length of Credit History: The average length of your credit history accounts for 15% of your credit score. Typically, the longer your credit history, the more your score will benefit. A new installment loan will reduce your average length of credit and may lower your score. 

Additional Debt: Many people take out installment loans to cover emergencies or large expenses. However, taking on an installment loan may result in overextending yourself and negatively affecting your debt-to-income ratio. This can lead you into a cycle of debt and harm your credit score.  

How to find the right installment loan 

Consider these factors if you decide you need to take out an installment loan to pay for an expense: 

Interest Rate: The lower the interest rate, the less you'll spend on the loan overall. By shopping for the lowest possible rate, you can save hundreds or even thousands of dollars in the long run. 

Loan Terms: While a longer term means lower monthly payments, it will also cost you more in interest. On the flip side, a shorter term leads to higher monthly payments but can save you a lot in interest charges. 

Fees: Many lenders charge fees in addition to interest, such as origination fees, application fees, and late fees.

The Bottom Line 

Since taking on an installment loan may positively impact your credit mix, payment history, and credit utilization, it could improve your credit score. But applying for or taking on an installment loan can also hurt your score if it leads to a creditor's hard inquiry, reduces the average length of your credit history, or results in taking on too much additional debt. Remember, if you choose an installment loan, be sure to make your payments on time and you could see your credit score slowly but surely improve.  

SPONSORED CONTENT 

Contact Information:
Keyonda Goosby
Public Relations Specialist
keyonda.goosby@iquanti.com
(201) 633-2125


Original Source: How an Installment Loan Could Improve Your Credit Score
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