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Huge CLI, FICO increase?

tag
Anonymous
Not applicable

Huge CLI, FICO increase?

Today I got a few CLI's....walmart from 900 to 3500.....amazon from 800 to 2500...and CareCredit 500 to 700....now the question is how much points would my FICO jump from getting that good of a CLI? I run about 11 percent ulti rate currently... with the CLI's I have 9950 in credit line...

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takeshi74
Senior Contributor

Re: Huge CLI, FICO increase?

Difficult to say you'd get X points.  How is your revolving utilization impacted?  How much is it decreased by the CLI's?  What's the rest of your credit profile like?  Dropping revolving utilization generally helps but if you have other bigger factors dragging your scores down such as derogs then the improvement will be constained by such factors.

 

If you were at 11% before the CLI's then you'd probably see some gain but not massive gain.  Bigger gains generally come from bigger drops in revolving utilization.  At 11% you're already at a fairly low utilization rate.

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