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CLI Question

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Frequent Contributor

CLI Question

I just would like to know if my overall UTL will lower due to a $2000 CLI? I am hoping that it will.

How long does it take for the new CL to show on my CR? 

Sept 18: EQ: 578 TU: 583 EX: 576
March 19’: EQ: 615 TU: 642 EX: 637

June: EQ8: 637 ^26 TU8: 645 ^7 EX8: 642 ^0

Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA: 7YRS AAOA: 2YR 2MONTHS
Inquiries in 12 months: EQ: 5 TU: 2 EX: 3
New Accounts in the last 8 months: 0
Chase 3/24 July 19’

CLOSED: Self Lender 12Month CD: June 20th 19’

Subprimes To Be Closed:



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Community Leader
Super Contributor

Re: CLI Question


@CivalV wrote:

I just would like to know if my overall UTL will lower due to a $2000 CLI? I am hoping that it will.

How long does it take for the new CL to show on my CR? 


It will lower it, but without knowing your current limits and balances, it's impossible to tell if you will be crossing aggregate utilization thresholds  that would lead to score increase 

EX 753 EQ 769 TU 755
Message 2 of 4
Contributor

Re: CLI Question

Looks like you’re currently at 8k+ total credit, adding 2k will net you a +25% increase so if you had say $2k balances reporting which is overall 25% útil, adding the 2k CLI will now drop you to 20% utilization. Like posted above we do need to know your balances to see how much of an effect it would give you.
Gardening till 12/2019!




Message 3 of 4
Community Leader
Super Contributor

Re: CLI Question

I've missed your second question. CLI will "show" next time your card reports 

EX 753 EQ 769 TU 755
Message 4 of 4