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CLI Increase

Regular Contributor

CLI Increase

Question on CLI:

 

If I request a CLI would it be a soft pull or hard pull:

 

If I request a CLI would it cause my score to go down when it first reports?

 

I am not looking an "over time" answer, but what would a result immedetl be as soon as a CLI reports.

Starting Score: May 23, 2016 EQ 537 TU 518 EX 548
Recent Score: November 29 2017 EQ 710 TU 680 EX 706
Goal Score: 720
Current Vantage 3.0: 706
Mortgage Scores August 18 2017: EQ5 684 TU4 692 EX2 690
1 REPLY
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Community Leader
Senior Contributor

Re: CLI Increase

My comments in blue below.

 


MrTom wrote:

Question on CLI:

 

If I request a CLI would it be a soft pull or hard pull:

 

It can be either, depending on the CC issuer, how you make the request, and a few other things.  Here is a useful guide to how to get soft-pull CLIs:

 

http://www.doctorofcredit.com/credit-cards/which-credit-card-companies-do-a-hard-pull-for-a-credit-l...

 

http://www.doctorofcredit.com/maximize-your-credit-limits-for-the-citi-gold-deal/

 

If I request a CLI would it cause my score to go down when it first reports?

 

I am not looking an "over time" answer, but what would a result immedetl be as soon as a CLI reports.

 

The CLI itself never hurts your score.  If it results in a hard pull, however, the hard pull can hurt your score.

 

PS.  There's a weird exception, and that is if your CLI causes the CL to go up to an absurdly high CL.  Extremely high CL credit cards are dropped from your total CL in some FICO models.  If a big CL is suddenly dropped from your utilization calculation, that could hurt your score, depending on how much CC debt you have.

 

As long as the final CL (after the CLI) is < 34.9k that appears to be safe for all models.  A 50k CL appears safe for FICO 8.

 




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