@Anonymous wrote:
New to the myFico family and hoping to get some information about something reporting on my Experian account.
I had a CLI on one of my retail CC, it wasnt much of an increase...150.00 to 350.00. The balance on the card is 0.
This morning I got a Alert from My Fico that it detected a change in my Experian data, so i logged in to find that my Experian score drop 4 points. When I checked the info it say, Credit Increase 150.00-->350.00.
Does anyone know why the score would drop from a CLI? My understanding of the FICO game is that the score would stay the same or increase.
This is confusing, please help???
Thakns
Hello and welcome to the forums.
Did you request a CLI or did the issuer make the decision on it's own?
If you did make a request do you know if the CCC did a hard or soft inquiry on your reports? A hard inquiry almost certainly would result in a score drop of a few points.
A CLI on your reports should never affect your score. FICO doesn't look at available credit; only the percentage of available credit being used at any one time.
