Reply
New Member
Posts: 2
Registered: ‎10-27-2009
0

Credit card limits

Hmm, I am new to posting, so I hope I am doing this right. I was wondering if anyone has noticed any activity with their credit cards recently? I just received a letter from one company and they INcreased my credit line. I thought that was a bit odd, but maybe that means the 'credit' economy is improving?

 

What are your thoughts?


Starting Score: TU 687 EQ 671
Current Score: TU 707 EQ 714
Goal Score: 780


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 321
Registered: ‎10-25-2009
0

Re: Credit card limits

Increases still existed throughout the time of the credit crunch. They were just harder to get.

 

I got about 10 or so of them during the "crisis," so they were still in existence. 

Despite my employment in the banking industry, any and all views contained in this post are purely my own, and do not represent any financial institution, nor constitute as financial or investment guidance or advise.
Moderator
Posts: 17,220
Registered: ‎07-14-2009
0

Re: Credit card limits


Herewego wrote:

Hmm, I am new to posting, so I hope I am doing this right. I was wondering if anyone has noticed any activity with their credit cards recently? I just received a letter from one company and they INcreased my credit line. I thought that was a bit odd, but maybe that means the 'credit' economy is improving?

 

What are your thoughts?


Hello and welcome.

 

Congratulations on your CLI. The credit world still seems to be confused. Some will report a CLI while others have their limits cut sharply or have accounts closed all together. I'm just not ready to announce any kind of improvement in the credit economy.

 

But we can keep hoping!!!  :smileyhappy:

 

 

From a BK years ago to:
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score

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.