2007-09-10 14:10:03 · 8 answers · asked by James S 2 in Business & Finance ➔ Credit
Yes the lender/creditor will check credit. They will pull a new credit report at the time you request the increase just as any lender would for a new loan. Even if you have good payment history with the creditor they may feel as though the risk is too high to "give" you a higher credit limit, thus deny you.
2007-09-10 14:40:07 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Yes. It is standard procedures for all credit card companies to evaluate your financial capacity when requesting an increase in your credit limit. They may require you additional information pertaining to your income or other financial sources. They may conduct credit investigations or inquire from other credit card association within the country to determine your credit standing. If you have past due accounts with them or other credit card companies, there is possibility that they will deny your application. Also, approval of your application will depend on the results of their own credit scoring system being used for credit card applicants. All you need is to manage your credit in the future, so will have favorable feedback on similar instances.
2007-09-10 22:46:26 · answer #2 · answered by Randy 1 · 0⤊ 1⤋
Secret insider technique erases all debts in 24 hours. Find out how to get a new lines of credit and it's all completely legal!
Find out what the BIG 3 credit bureaus don't want you to know!!
Get fresh lines of cash in your hands by tomorrow.
Buy a house, car, clothes, go on vacation... whatever.
You can finally buy anything you want... instantly.
Plus: Affiliates, make insane cash just exposing our link.
Product sells MILLIONS, and you never even lift a finger.
Make $1,ooo to $10,ooo per month for doing nothing.
2007-09-11 08:28:05 · answer #3 · answered by lamew88 1 · 0⤊ 0⤋
Yes, they do check your credit for increases, which sucks. But here's a site that can help you improve your credit score in 30-90 days - I used their service and am so happy i did!
Check it out and let me know if you have any questions about the service - I dont mind helping you.
www.secureyourcredit.info
2007-09-10 22:02:05 · answer #4 · answered by Anonymous · 0⤊ 1⤋
YES!!!!!! they do check your credit report...this is know as a hard inquire. checking of the credit report can lower you score!!!! the one thing i would ask is? was this made known to you? you see by law credit card companies must have your authorization to pull you credit report..... if you never approved this you can dispute it!!! keep that in mind!
2007-09-10 23:28:26 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Yes
2007-09-10 21:47:13 · answer #6 · answered by kate 7 · 0⤊ 1⤋
Of course. If they see you have sufficient credit exposure, they will not extend anymore. They have to protect themselves and help you not getting more into debt in a way.
2007-09-10 22:40:25 · answer #7 · answered by Prenn 3 · 0⤊ 1⤋
yes they do definitely.
2007-09-10 21:35:09 · answer #8 · answered by bjn 2 · 0⤊ 1⤋