Re: Will this increase my score?
09-23-2012 06:09 AM
It depends. It depends on whether or not your individual and overall util improves as a result of this CLI and depends on the amount of that change, if any at all. For example, if your reported balance is $0, and the CL is at $201, then your utilization is at 0%. Increasing the limit to $500 would still mean a utilization of 0% and your score won't change. However, if your reported balance was $201, for example, then your utilization is at 100%. If you aren't paying off your balance, then increasing the limit to $500 would drop the utilization to 40% vs. 100%. You could very well see an increase, but that depends on the change to your overall util which factors in other CCs, certain HELOCs and LOCs, and includes some CC COs.