Rapid Rescore

[Bogey1975]

Should I send CL increases for a rapid Rescore or just paid down balances.

[Anonymous]

I don't understand the question.

But, paying down balances generally speaking is going to be "better" for utilization than increasing limits.  It's also the smart financial move, as CLIs don't do squat in terms of lowering debt.

[Bogey1975]

Sorry I should of exlained it better. 

My CLs on my 0 balance cards have increased. That should help lower my aggregate utilization correct? All my cards are at zero balance except 2, and I'm working on one of those to get to zero now. Those two cards are both around 24%.

[AndySoCal]

Are you in the process of trying to get a home loan?  You would be better off in getting those balances down.  It will help you debt to income ratio improving that will be more beneficial in my opinion.

[Anonymous]

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@Bogey1975 wrote:

My CLs on my 0 balance cards have increased. That should help lower my aggregate utilization correct?

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Yes, increasing your credit limits (the denominator) will lower your aggregate utilization if your balances (the numerator) remain the same. 

The only thing that can help though is your score (and it may not) where you also want to be sure to focus on your DTI [reduction] when looking toward a mortgage.  That being said, the way to accomplish that is by reducing the numerator, or your balances.  Increasing the denominator will not help that factor when a LO is crunching the numbers and manually reviewing your CR.