My FICA score is 652 and they just raise the credit limit on my card to $4000 f. $2500 will that hurt my score

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  1. Reply
    June 26, 2011 at 8:12 am

    Assuming that you don’t max out the card, this will actually probably help your credit score. You’ll take a small hit for having more overall credit available, but will gain points for having a lower proportion of debt to available credit.

  2. Reply
    June 26, 2011 at 8:50 am

    no it shouldn’t affect you negatively. If your balance to limit ratio was over 50% before, then raising the limit could actually help you. It just reflects on the total available credit that is under your name and as long as that is below 50%, as well as on-time payments, history of account, etc., then you should be okay. Your FICO will go up, but that takes time.

  3. Reply
    June 26, 2011 at 9:03 am

    As long as you don’t use the card much and pay it off every month. It will actually help your score.

  4. Reply
    stephen l
    June 26, 2011 at 9:22 am

    It should help and there are other things you can do as well to improve your score such as credit repair. . Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $ 19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.

  5. Reply
    June 26, 2011 at 9:24 am

    under no circumstances possible will simply raising the limit hurt your score. In fact, itll probabl help it as long as you make payments on time and stay under 30% with your balance.
    btw, congratulations!

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