Credit Cards

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
hyevegas
New Member
hyevegas
Posts: 2
Registered: ‎05-03-2013

Crdit increase

Options

‎05-06-2013 11:09 PM

I just got an automatic credit increase on my Home Depot card. How does this affect my score?

 

Message 1 of 2 (116 Views)
 
Reply
Valued Contributor
indiolatino61
Posts: 1,349
Registered: ‎11-10-2012

Re: Crdit increase

Options

‎05-06-2013 11:13 PM

hyevegas wrote:

I just got an automatic credit increase on my Home Depot card. How does this affect my score?

 

It depends on what your utilization is...CLIs always benefit your utilization. As for the actual FICO score, it also depends on what the rest of your credit profile looks like. 

photo Logo-CreditCardCollection_zps91132ae5.jpgWmart (TU): 800, Disc it (TU): 791, CKarma (TU): 767, AmEx (EX): 755, CSesame (EX): 708, Quizz (EQ): 750, myFICO (EQ): 770.
Oldest: AmEx: 26Y-1M, AAoA: 5Y-11M, Utl: 0.81%, 12/24 Inq: 4/14, Income: $99k, Garden: 11/04/2013. Updated 03/07/2014.
Message 2 of 2 (110 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+