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High Limit

Established Member

High Limit

Im starting to rebuild my credit and I stupidly went over my limit on my NFCU credit card. CL was 1000 1030 was reported as the high limit. When I went over I immediately transfered money into the card and I was never assesed a fee for being over. The card is now reporting at 15% utilization for the past three months and has always been paid on time.

 

My question is - is this hurting my report / score. If so should I GW NFCU? 

2 REPLIES
Epic Contributor

Re: High Limit

The reporting of a past high limit should not hurt your score.  FICO has no memory and when you made the payment and brought down your balance it was all but forgotten.  That high limit will continue to report.

Highlighted
Moderator Emeritus

Re: High Limit

+1  Your score is a snapshot of what is on your CR now.   That High Balance will continue to report, garden that card and when you get a CLI it won't show over anymore.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.