cancel
Showing results for 
Search instead for 
Did you mean: 

Does "Over limit" hurt?

tag
jhc7399
Valued Member

Does "Over limit" hurt?

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
Message 1 of 3
2 REPLIES 2
annielorie
Valued Contributor

Re: Does "Over limit" hurt?

bump 


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Message 2 of 3
llecs
Moderator Emeritus

Re: Does "Over limit" hurt?

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.

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.