07-23-2007 01:18 PM
07-23-2007 01:36 PM
07-23-2007 07:53 PM
07-23-2007 10:06 PM
Can you list all of your CCs CLs and balances? Do you know your FICO scores? And how many inqs you have on each credit report?
roscoe wrote:I want to thank all of you for your help so far. Now I've come up against more frustration. I'm canceling one card and replaced it with another. The new card has a lower limit than the one I'm replacing so I asked to increase the new card limit. I was told they would increase it but they want to pull my credit report again even tho they just checked it to give me the new card! I wanted to increase the limit to increase my score but my score will go down if they check my report. Any thoughts?
07-23-2007 10:18 PM
07-23-2007 10:45 PM
This 802 score, is it a FICO score and which CRA? Just curious, nice score! If you pay off the CAP1 I don't see any problems. Just remember closed CC TLs (tradelines) with zero balances do not factor in util% calculations. FYI, for max FICO points it's best to have 1-9% util of total CL (credit limit) on all CCs reporting on your CRs (credit reports). Also, it's common for your FICO scores to get dinged with a new inq and new account especially for folks with high scores. If you need a bigger CL then go for it, your score alone should get you the financing required to purchase the Dow Jones Industrial!
roscoe wrote:My credit score was 802, after applying for the new card it's 794. Don't know my other ones right now.My limits are:Macy's $8,000-0 balanceCapital one $6,000-$600 balance which will be paid off. I always pay the balance when it's due and then I'll cancel this one.Home depot $4500-0 balance. this is the new card.Marybeth