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Any benefit to lowering your credit limit?

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Anonymous
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Any benefit to lowering your credit limit?

Perhaps this is a stupid question. In order to maximize my credit score, I'm in the process of paying off a CC with a util around 75%.  Once its paid off is there any benefit to lowering the limit, which is actually fairly high?
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Any benefit to lowering your credit limit?

Nope- no benefit of lowering the CL-
 
Lowering the CL can drop your score-

terp97 wrote:
Perhaps this is a stupid question. In order to maximize my credit score, I'm in the process of paying off a CC with a util around 75%.  Once its paid off is there any benefit to lowering the limit, which is actually fairly high?



Message 2 of 3
Anonymous
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Re: Any benefit to lowering your credit limit?

Thanks!!
Message 3 of 3
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