Reply
New Member
Posts: 1
Registered: ‎07-28-2008
0

CLI and how much it will help my score...

[ Edited ]
I am in my mid-20's, and new to the whole credit score/credit report thing. I recently checked my EQ and its 732. :-) (I haven't checked the other 2) I want to try to bring it up a bit in the next few years, and I heard/read that the quickest way to do this is to pay off any debts you may have, and to request CLI's from existing accounts.
My CR reads as follows:
Citizens MC- BAL $2800 CL $5000
Sleepys CC- BAL $750 CL $4500
2 Student loans- $2600 & $1200
Citi Visa CC- BAL $0 CL $650
AMEX Blue- BAL $0 CL $1000
2 Store Cards, 1 "Closed by consumer's request" Crap1 card. all zero Bal.

I have no Baddies- NONE, and pay everything on time.

I was thinking of trying to get Citi to increase my CL to around 2-3k. It is my oldest account (5 1/2 Yrs.) and I don't see why they wouldn't do it. EXCEPT, I have paid late a few times (years ago, and never more than 30 days) and I read somewhere that even if they don't report your late payment to the CRA's it still affects their rating with you as an existing customer. I'm wondering if they do increase my CL, how much would it likely be increased to, and is it worth doing, or should I just try to pay down my high balance on my Citizens MC?

Also- My boyfriend has bad credit and I was considering making him an AU on my citizens MC. Will this help him clean up his bad credit faster than him getting a secured CC?

Thanks for any advice you all might have!

Message Edited by manda8702 on 07-28-2008 10:38 PM
Established Member
Posts: 21
Registered: ‎06-10-2008
0

Re: CLI and how much it will help my score...

A mixture of credit will increase your credit score.  May want to consider a small secured loan from a bank or a car loan.

Moderator Emeritus
Posts: 4,470
Registered: ‎12-31-2008
0

Re: CLI and how much it will help my score...

Thanks blue_moon,

 

Hopefully this post will wake manda8702 up. 

 

Unfortunately, they posted this a few years back and evidently haven't been back.

 

Let's hope they got those balances paid down - that would have yielded a decent score increase.

 

Top that off with only one card reporting <9% and it would have turned out real pretty.

 

After getting the cc's squared away, they might have wanted to tweak with an installment - if they needed one.

Just puttin' syrup on something, don't make it pancakes.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.