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CLI Question

Regular 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
Nov 18: EQ: 614 TU: 630 EX: 621
Dec 18: EQ: 605 TU:638 EX: 619

Goal by Sept 20’ EQ: 750 TU: 770 EX:730
AA: 7YRS AAOA: 1YR 6MOS
Inquiries in 12 months: EQ: 5 TU: 2 EX: 4
New Accounts in the last 6 months: 3

Subprime Cards To Be Closed: First Premier Card #1, First Premier Card #2

Cap One QuickSilverOne: $2750
Cap One QuickSilver: $500
Discover It 5%: $2000
Kohl’s Charge: $300
HSN Credit Card: $750
Target Credit Card: $300
Fingerhut: $230
Victoria Secret: $150
First Premier: $700
First Premier: $700
Self Lender Credit Builder Loan Starting: $1700
Current: $700
ED Matures: June 19’
Message 1 of 4
3 REPLIES
Community Leader
Senior 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 

Message 2 of 4
New 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.
Message 3 of 4
Community Leader
Senior Contributor

Re: CLI Question

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

Message 4 of 4