Reply
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Over the limit, any hits to score?



fused wrote:


fishbjc wrote:
I believe so....I went otl by just $50, it reported and I was hit with approx. 10 pts.  :smileymad:


Consider yourself VERY fortunate. For some, having a single revolving account reporting an OTL balance can have same the reslut as a serious derog hitting your reports. It's possible to lose well over 60 or 80 points when an OTL account reports.


The same just happened with my HSBC and lost 16 points, or something like that. This has happened once before if I remember and I lost around 25 then.
Established Contributor
Posts: 597
Registered: ‎10-27-2007
0

Re: Over the limit, any hits to score?

Right now, I am overlimit on my HSBC Cash or Fly MC (not doing what I was supposed to do and I really should be since I have been on this site for awhile) by about 22 dollars.  I called them and told them to note on the account that I will be making a 600 dollar payment next week after Labor Day.  Should I call them and ask them if they plan to rate jack me???  I am wondering how this will effect the next CLI I might get with them; I am pretty sure it will.  I went overlimit once on one of my Cap1 cards and still received a CLI from them (maybe because I PIF to get the balance down to 0). 
I would really like to purchase a new Millineum Falcon with my WAMU (oops Chase card)!!!! But first I need a decent credit limit.

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 based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.