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Increasing Credit Limit - Good or Bad?
Hello,
I recently saw my credit score decrease ever so slightly due to my increased "usage" - calculated as a percentage of my credit limit. I was interesting in increasing this limit (assuming that I would qualify), but was wondering what the impact of this would be on my credit score (whether it be good or bad). Also, how much of an increase should I request (should I just do the max I'm eligible for or is there another formula that can be used)?
Thanks!
‎November 8, 2020
10:05 AM