Re:Why Don't People Manage Debt Better?
by randlet on Friday February 19, 2016 @10:01PM
(#11138535)
OK thanks. I was worried I was negatively impacting my credit rating somehow. My few minutes of research indicate that having a higher limit may actually be beneficial to someone like me who never utilizes my available credit.
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Re:Why Don't People Manage Debt Better?
by dcherman on Saturday February 20, 2016 @12:14AM
(#11138975)
The ratio of available to utilized credit definitely does impact your credit score positively. That's why for a while, I would periodically ask for limit increases 1-2 times per year on all of my cards even though I will never come close to the limits. You don't want to do this too often though; I think asking for an increase may incur a credit pull. Too many of those can hurt your score.