credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
So should I apply for the new credit card now or just pay off this upcoming bill and wait until next month?
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Without knowing more information, it's impossible to say. What other cards to do you have, what are your limits and balances (respectively)? What is in the rest of your report (brief summary)? How...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
I don't know what credit cards you have, but you are most certainly WRONG in your assessment. I have Amex (2), Chase, Citibank, BOA, Capital One (2) and various store cards and I pull all three CRs...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Having a slightly high D2C ratio is not a VERY bad thing, and in some cases unavoidable if you only have $X in credit lines but spend $X*.5 a month and pay it all off. But a quick "credit score" is...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
So what other problems do you have? Make a list of your questions and maybe then we'd be able to answer them for you..and give you pointers on what to do and what NOT to do.
Suggested Reading.
...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Tried checking, but I could not, I know it is low though. I got a crappy student card (first) that I was told on here anyone can get.
They started me off with a $300 limit, then after a couple...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
wow, I have been doing it wrong. I thought the more utilization the better. I have been averaging 75% utilization.
Guess I will just do 25% from now on.
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
I have had my BoA Visa card since 2006 and my credit limit is $3000. I always pay my balance in full and on time. For this month, I have racked up charges of about $1500. I'm still living at home so...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
You should have no problem getting another credit card.
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Just wondering...I've read conflicting reviews and would like your opinion on this. I've heard that showing a 0% utilization all the time is also not good because it makes it look like you're not...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Yes, per card utilization AND overall card utilization affect score; try to keep both (at the time of the statement) under 30% utilization. If need be, ask for a credit line increase instead of...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Your utilization is based on the statement date. If you have a $10k limit and use $8k every month, and pay it off in full every month, it will show an 80% utilization, and looks just as bad as if you...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Very interesting information that you have there. I am confused though. If I pay off my bills on time, then why would this affect my credit score? Let's say I use 50% of my credit limit for each...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Not always true
They do to the extent of credit utilization
Can't say this is or isn't true.
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
I assume you are going to put together some argument about how I am wrong, so let me cite some facts for you...
...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
75%!!!!! :eek:
keep it closer to 10%... What's your credit score?
A nice trick, is to keep posting payments to your account... Or paying off your balance in full about 8-10 days before your...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Yeah, I'm trying to figure this out as well. Wish there was a clear cut answer. I generate a bill just to show > 0% utilization. I hover around 1-3% utilization every month (got extended too much...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Yeah...because when I apply for a new card, they'd probably think that what's the point in giving me one, when I don't use any of my existing credit? :dontknow:
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
Well, having a 75% utilization on a $500 card isn't that bad. Having it on a $10k+ card is much worse.
And while you don't technically need to submit your payment until the due date (about 20-30...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
1. Don't use your checking account except to pay down your credit card bill. Especially if you are financially responsible (aka pay off your bills, never keep a balance). Request for a higher credit...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
^ yea i already did ask for a line increase. I figured asking for double what my current limit was good. My other card has a lot higher limit. But they denied me.. I dont have an interest in opening...
credit limits dont affect scores right?>
Expired
Thread created 06-17-2012 by bowlofturtle
0 Score
21 Replies
2,241 Views
I know the higher score you have the higher limits you have. Thats a given.
BUT does the credit limit affect your score much.
My understanding is they total up all your limits and then do the...
