Understanding FICO® Scoring

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jhc7399
Posts: 21
Registered: ‎09-25-2012

Does "Over limit" hurt?

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‎11-26-2012 10:23 AM

I have three secured cards and two of them have been over their limit by $6 & $11 once. Is this hurting my score?

Starting Score: 9/1/12 - EX:527 - EQ:586 - TU:547 - FICO:586
Current Score: 1/23/13 - EX:651 - EQ:679 - TU:628 - FICO:679
Goal Score: 700
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annielorie
Posts: 1,175
Registered: ‎02-19-2012

Re: Does "Over limit" hurt?

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‎11-26-2012 11:51 AM

bump 

Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760
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Chase freedom 500 Never take NO for an answer!!
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llecs
Posts: 31,952
Registered: ‎08-04-2007

Re: Does "Over limit" hurt?

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‎11-26-2012 11:54 AM

Yep. If you don't have anything reporting over the limit, like a CO CC, or any current and active CC, and you take a CC over the CL and reports that way, you'll see a ding. IME, it was 10-20. YMMV on your credit. The damage completely goes away once the balance goes back in check. The 10-20 is aside from any util changes, IME.

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