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Frequent Contributor
Posts: 348
Registered: ‎06-27-2007
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CLI

When you apply ask your CC company for a CLI `does that hurt your FICO score?


Starting Score: 576
Current Score: 724
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Super Contributor
Posts: 8,173
Registered: ‎03-25-2007
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Re: CLI

In most cases you will get one or possibly two inqs hit your score - could drop a few points depending how many inqs you have on at the moment.
 
When you get the card, your util might well go down - good.
 
 
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Frequent Contributor
Posts: 348
Registered: ‎06-27-2007
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Re: CLI

Thanks! But I meant
When you ask your CC company for a CLI does that hurt your FICO score? I've had the card for about 5 months.


Starting Score: 576
Current Score: 724
Goal Score: 850

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Super Contributor
Posts: 8,173
Registered: ‎03-25-2007
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Re: CLI



credit4me wrote:
Thanks! But I meant
When you ask your CC company for a CLI does that hurt your FICO score? I've had the card for about 5 months.


Same answer  :smileyvery-happy:.  When you ask them (and 6 months is better) they will probably pull a hard inq and this will go on your CR
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Posts: 16,373
Registered: ‎03-12-2007
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Re: CLI



credit4me wrote:
When you apply ask your CC company for a CLI `does that hurt your FICO score?


Ask your CCC if they are going to pull a hard inquiry if you request a CLI. Some CCC's do and other don't. If they say no hard inquiry, then request the CLI. I have never heard of a CLI without a hard inquiry hurting FICO scores. Which CCC are we talking about?
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1
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