2006-08-03 09:59:47 · 7 answers · asked by Bryan S 2 in Business & Finance ➔ Credit
if you raise your limit your score will go down, it's not good, just pay up your balance. creditors see large limits as a negative because they see it as more of an opportunity for you to spend more and add more debt to yourself.
your best bet is to not charge anymore, make more than the minimum payment and bring that balance down.
2006-08-03 10:23:59 · answer #1 · answered by Ms. Roger Rabbit 4 · 0⤊ 0⤋
Most credit cards only report to the credit bureaus once a month. If your score just went down, any change will probably take a month to show up.
2006-08-03 18:30:34 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
No, your credit score is low because you are over extending. You need to pay off some of your credit cards and close the accounts. Another way to improve your score would be to make regular monthly payments for seversl months. You can't imporve your score in one week.
2006-08-03 17:07:12 · answer #3 · answered by koffee 3 · 0⤊ 0⤋
You're going to have to start paying down that card. I doubt the credit card company is going to just raise your limit. They only do so if you have proven to be a good customer with them and continually pay on time each month.
2006-08-03 17:15:40 · answer #4 · answered by *Cara* 7 · 0⤊ 0⤋
i seriously doubt that you can make your score go up in one week. and, raising the limit may actually drop it some more.
2006-08-03 17:03:55 · answer #5 · answered by dwalkercpa 5 · 0⤊ 0⤋
It may go up , but not this week. It often takes 30-90 days for such things to take effect.
2006-08-03 17:04:13 · answer #6 · answered by amkornele 3 · 0⤊ 0⤋
No. They also look at your available to balance. If you have a large available balance to buy its bad Your best bet is to make sure you pay your bills on time, and get your balances down.
2006-08-03 17:03:58 · answer #7 · answered by Goblue 3 · 0⤊ 0⤋