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Hi Everyone,
I posted a couple of weeks back about ways to utilize my credit to increase my score following a short sale last year. Well today I received a letter in the mail from Discover indicating that they were increasing my credit line from $500 to $2500. They had originally dropped it to $500 about a month after the short sale. I'm assuming that this increase in my credit line is a good sign? How should I be utilize this increase in credit, without maxing out the card every month?
@maryellis1981 wrote:Hi Everyone,
I posted a couple of weeks back about ways to utilize my credit to increase my score following a short sale last year. Well today I received a letter in the mail from Discover indicating that they were increasing my credit line from $500 to $2500. They had originally dropped it to $500 about a month after the short sale. I'm assuming that this increase in my credit line is a good sign? How should I be utilize this increase in credit, without maxing out the card every month?
PIF b4 the closing date