Posts Tagged ‘ limit ’

Asking your lender to reduce the credit limit on a credit card could hurt your credit scores

Dear Experian, I have one credit card with a zero balance and a $10,000 limit. Will my credit score be hurt if I reduce my limit to $5,000? - CGC

Read more

Closing store credit cards could affect your credit scores

Dear Experian, Can closing a few of my department store credit card accounts affect my credit scores if I have established good credit and have high credit scores? My husband wants to eliminate our higher interest rate cards. - LTB

Read more

Difference between “balance-to-limit ratio” and “debt-to-income” ratio

Dear Experian, What is the appropriate balance-to-limit or debt-to-income ratio? I do not maintain a balance on my credit cards but worry that I have credit limits that are too high and could impact my overall credit. - TBL

Read more

Utilization rate may be cause for lower scores when you have few accounts or low credit limits

Dear Experian, I only have one debt which is less than $1,000. I also have two credit cards. Together they have a balance of about $2,000 each month, but I pay them off monthly. Why isn’t my credit score higher? - KCE

Read more

Responding to credit score factor that says proportion of balances to limits is to high

Dear Experian, Recently, I was told that my proportion of balances to credit limits is high. If I keep making payments to my credit card and keep my statement balance below 20% of my credit limit, will that help? - ATD

Read more

Experian does not extend credit or provide credit cards

Dear Experian, How can I get a credit card with Experian? - SHL

Read more

Lowering credit limits can hurt credit scores

Dear Experian, I have heard that requesting lower credit limits can hurt your credit scores. Is this true? -MMB

Read more

The impact on credit scores when you exceed your credit limit

Dear Experian, Will going over the credit limit on a credit card affect my credit negatively, even if the creditor does not charge a fee? - CHO

Read more

  • ©2014 Experian Information Solutions, Inc. All rights reserved.