Reply
New Member
Electnick1
Posts: 5
Registered: ‎09-29-2008
0

declined for for credit limit increase, does this effect my rating?

Hey everybody, man this economy hurts.
 
If I ask one of my companies to increase my limit and they decline, is my credit rating affected?
Frequent Contributor
cadavis0609
Posts: 435
Registered: ‎06-17-2007
0

Re: declined for for credit limit increase, does this effect my rating?

Depends on the lender. Some do a hard pull and others go on past performance. I reccomend reading credit scoring 101 if you haven't done so already. Welcome to the forums!!!
Sept 07 EQ 419

April 2012 EQ- 669 EXP- 680 TU-700= Proud New Homeowner!
Frequent Contributor
goodgirl-badcredit
Posts: 303
Registered: ‎06-04-2008
0

Re: declined for for credit limit increase, does this effect my rating?

No, not if the do a soft inquiry

Starting Score: 3/21 EQ 636 TU 669
Current Score: 12/30 EQ 740 TU 712 EX ??? ....
Goal Score: Yay... I reached my goal of 700!!!


Take the FICO Fitness Challenge

New Member
Electnick1
Posts: 5
Registered: ‎09-29-2008
0

Re: declined for for credit limit increase, does this effect my rating?

Thanks freinds this is so helpful, everybody should know how this works.
Senior Contributor
FretlessMayhem
Posts: 3,279
Registered: ‎08-03-2007
0

Re: declined for for credit limit increase, does this effect my rating?



goodgirl-badcredit wrote:
No, not if the do a soft inquiry





I agree.
Here we go again...

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}