Increase Credit Limit

Increase your credit limit to increase your credit score

Credit

Define Credit Limit

Since this site is dedicated to looking at your credit limit, we should start at the most basic level. It helps to know exactly what a credit limit is, and how to define it. One way to define it is: A credit limit is the maximum amount of credit that a financial institution or other lender […]

Can you decline a credit limit increase?

As we have talked about, sometimes a credit card company will try to increase your credit limit even if you don’t ask them to do that. In most cases as we’ve talked about on this site, that can be a very good thing. However, you might not actually want that increase. Sometimes, people know they […]

Credit Repair – How Essential Is It For A Successful Financial Life?

Your credit score is a significant piece of information and your financial life depends a lot on it. With an excellent credit score it becomes easier enough to keep finances well on track. Lenders will be more cooperative, the interest rate on mortgage will be reasonable and you’ll be able to borrow according to your […]

Hard Credit Inquiry Vs. Soft Credit Inquiry

In terms of your credit report, and different companies pulling your credit report, you will often hear the terms hard credit inquiry and soft credit inquiry. They mean different things, and as a result have very different potential effects on your credit score. So, what are the key differences between a soft credit inquiry and […]

Common Credit Score Myths

There is a lot of information out there about credit scores, but it’s not always accurate. So, let’s take a look at some of the common credit score and credit report myths, and why they are not accurate. Myth: A poor score means I won’t get credit. While it is true that a poor score […]

How To Figure Out Your Credit Limit

In talking about your credit limit, the first thing you should know is the actual dollar amount of your limit. Before you can decide if you want more (or need more), you have to actually know where things currently stand. If you are not sure what it is, there are a couple easy ways to […]

Credit Limit Definition

Since this site is dedicated to looking at your credit limit, it’s important to know exactly what a credit limit is, and how to define it. One definition from the web is: A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a […]

How to repair your credit

If you did not pay much attention to personal finance early on in your life, it’s possible that your credit report and credit score do not look good. If you fall into a debt cycle, miss some payments, and do other things that can negatively impact your credit score, chances are that it won’t look […]

Tame Your Credit Card Debt by Negotiating a Reduction

The following is a guest post by Michelle Blackmore. Amongst all other financial problems that most are likely to face, credit card debt happens to be one of them. In fact, as per majority consumer opinion credit card debt is one of the greatest nightmares possible and tackling it can really need some hard work. […]

Pros and Cons of a High Credit Limit

On this site, I talk about the benefits of increasing your credit limit. However, if you do have a high credit limit, it is worth looking at the pros and cons of that. Pros – It can help your credit score – As we talk about regularly on this site, having a high credit limit […]

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