Does getting a credit limet icrease on your current cards improve your fico score?

[Anonymous]

I'm looking forward to hear your responses.

Thanks!

[Anonymous]

I think it only pertains to your utilization.  By having more credit available it makes your util lower.  Some one correct me if i'm wrong.

[Anonymous]

It can help you by lowering your utility, how much it will help you depends on the change in your utility.. If you go from 45% utility to say.. 10% utility, you should see a decent score increase.

Of course paying down your debt will have the same effect!

[oracles]

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@Anonymous wrote:
I think it only pertains to your utilization.  By having more credit available it makes your util lower.  Some one correct me if i'm wrong.

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This is definitely correct. The more credit you have the better your util% is providing the balance stays the same. Now if you increase your credit by 1500 and then also increase your balance by 1500, then it is a wash. 

I must stress however, i agree  with fender tremendously that paying off your balance is so much better. decreased bills and better util%.