11-03-2009 11:11 AM
11-03-2009 12:50 PM
Hi Jay23! Welcome to the myFICO Forums! :-)
The potential impact of a credit line increase on your credit score depends upon other aspects of your credit profile. For example, as the previous poster mentioned, if you're carrying balances a CLI may reduce your utilization-- an appreciable reduction might cause your credit score to rise. If the CLI came at the cost of a hard INQ, the damage and gain might be offsite for no change, as another example. You might also see no gains if you're a PIFer and have no balances. At any rate, a CLI won't hurt your FICO score.
If you haven't done so already, read Credit Scoring 101, linked in my sig line. It's a great place to get a firm understanding for what impacts (and how) your FICO score.
Friendly, Supportive & Respectful
"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli
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