All About Credit Reports

3 Responses to “Does Requesting A Credit Line Increase On A Credit Card Have A Negative Factor On My Credit Score?”

1. iceman on February 8th, 2010 at 4:37 pm

   Nope.
   In fact, the higher your credit line the better your score. It even sais that right on your credit report. I have noticed that over the years the only thing that has really changed on my credit profile is my credit line. And over the last few years my score has gone up as a result.

2. teresath on February 8th, 2010 at 7:43 pm

   Focus on paying off your debts, not on increasing your credit line.
   Just because the company doesn’t have to run a full “credit report” to increase your limit doesn’t mean they don’t look at your credit history before determining your new limit.
   FICO credit scores are based on:
   Payment history – 35%
   Amounts owed – 30%
   Length of credit history – 15%
   New credit – 10%
   Types of credit used – 10%
   props to you for promising yourself you’ll pay off your balances in full every month! That is the single smartest move you can make when it comes to credit cards!

3. SPIFIMAN on February 8th, 2010 at 9:18 pm

   Actually it will help because it will lower your credit to debt ratio and this makes up a full 30% of your credit score.
   Sounds like you are doing good, keep up the good work. Believe me it will be worth it in the long run.

Leave a Reply