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lamk69
Posts: 3
Registered: ‎08-21-2008
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Would it hurt your score to get increase on CREDIT LINE

CreditOne offer me increase on credit line. Would my score drop if it increase.Or when I request for increase on credit line.

Frequent Contributor
NonSufficientFunds
Posts: 332
Registered: ‎04-09-2013
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Re: Would it hurt your score to get increase on CREDIT LINE

An increase on an existing line will raise your score, unless a Hard Pull is done at your request (in which case the Inquiry ding would lower your score)

 

Of course, if you were to actually Utilize your increased credit line, your score will also be lowered.

 

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09Lexie
Posts: 26,609
Registered: ‎09-13-2012
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Re: Would it hurt your score to get increase on CREDIT LINE

Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012
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Re: Would it hurt your score to get increase on CREDIT LINE

It should help your score, all other things being equal. However, once you start to have really high limits, if your income isn't sufficiently high as well you could be dinged in a manual review.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

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HiLine
Posts: 3,176
Registered: ‎10-19-2012
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Re: Would it hurt your score to get increase on CREDIT LINE

+1

Not everyone can or should get the type of limits that bribro acquired :smileytongue:

Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
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Re: Would it hurt your score to get increase on CREDIT LINE


lamk69 wrote:

CreditOne offer me increase on credit line. Would my score drop if it increase.Or when I request for increase on credit line.


Is creditOne, the company that charges you for a CLI or was that first premier? I don't think I woiuld pay for a CLI

Established Contributor
Simply827
Posts: 742
Registered: ‎10-15-2012
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Re: Would it hurt your score to get increase on CREDIT LINE


john398 wrote:

lamk69 wrote:

CreditOne offer me increase on credit line. Would my score drop if it increase.Or when I request for increase on credit line.


Is creditOne, the company that charges you for a CLI or was that first premier? I don't think I woiuld pay for a CLI


Yep, Credit One charges you for CLI.


Starting Score: 515
Current Score: EQ 689 EX 703 TU 707
Goal Score: 700+

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guiness56
Posts: 22,406
Registered: ‎01-17-2008
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Re: Would it hurt your score to get increase on CREDIT LINE

CLI DO NOT raise your score.  FICO does not score them whatsoever.  It is the utilzation that is affected by a CLI and only if you carry balances on your cards.  Getting a CLI will raise overall CL dropping your utlization, raising your score.


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