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  1. #1
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    Default Keeping balance over 50% of credit limit is hurting my score

    My banker pointed out that one thing that depressing my credit score is that I routinely
    carry a balance on my cards over 50%. I'd like to get my limits raised.

    Any advice? My credit score hovers somewhere between 695 and 715.

    Thanks,

    -p
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    Reply With Quote Reply With Quote     Nov 5, 12, 12:30 pm
  3. #2
    jlam572
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    Obviously what makes sense to you is to just have them raise your limits right? No they wont do that....you have to pay them down. If they raise your limits, they will just think you will go up to 50% of that and owe even more.
    American Express PRG 30kpp (use it for everything)
    USAA Amex
    Capital One Visa Platinum
    Citi Diamond Preferred MC
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    Reply With Quote Reply With Quote     Nov 7, 12, 9:12 pm
  4. #3
    Jslimm1985
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    Agreed. Pay down your balances first. I'd even go as far to say, keep your balances down for a few months to show that you're not trigger happy then go for the CLI.
    Revolvers
    Credit Union MC 3/2004 ($6K)
    Capital One Platinum 3/2005 ($500)
    Dell Financial Services CC 2/2007 ($2.5K)
    USAA Cash Rewards World MC 10/2011 ($9.5K)
    AMEX BCE 01/2013 ($10K)

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    EXP 721 (01/02/2013) Amex
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    Reply With Quote Reply With Quote     Nov 9, 12, 7:00 am
  5. #4
    namvet
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    Try to keep utility to 30% or less. 0% is preferred but not realistic for most people. Time and patience will get you many future CLIs.
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    Reply With Quote Reply With Quote     Nov 10, 12, 7:05 am
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