Does a credit increase hurt your credit score

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With higher credit scores, you credit utilization ratio, which is various strategies that will be to your benefit.

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Why Can't I Use Credit Cards If I Pay Them Off Every Month
While a higher credit limit has many benefits, it also creates the potential to take on more debt, which can negatively affect your credit score. In the long term, a credit limit increase may improve your credit scores, provided you make regular, on-time payments. In the short term, however, asking for a. In fact, you might improve your credit score. How you utilize the credit access line after the increase is one of the multiple factors that can impact your score.

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calendar_month 10.10.2023

What do you advise to me?

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Could you let us know what you found helpful? You have a low credit utilization ratio: Use only a small percentage of your available credit to show that you can manage debt responsibly. Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. Sometimes card issuers will increase your credit limit automatically, without you requesting it, especially if your account remains in good standing for a long period. Most lenders provide a process for requesting a credit limit increase, whether through phone or online channels.