If you have a higher line of credit on ur C.card, then it doesnt mean
that you would have a consolidated credit rating.

There's definitely a link between these two parameters.
If you have higher line of credit & you meet your bills regularly,
then you would definitely have a strong credit rating.

Because, credit rating, simply means, the strength of a person to meet
its both short & long term debts. This rating also helps large
corporations to absorb debt from the lending market, and they will
have a strong credit rating only if they pay off their debts
consistently.

Thus, if you pay your bills(interest, fees) on time, then you have
strong chances to boost up your credit rating.

Regards,
K.Girish

"mandg" <gscanga[at]email.uophx.edu> wrote in message news:<_8SdnafXqOLs0dfcRVn-uw[at]comcast.com> ...
- quote -

Thanks for all of your inputs- I really don't have a specific reason for
this since my MasterCard has a limit of 42K. I just saw the option to
request for an increase online and wondered if it would have any direct
impacts on my rating score. I certainly don't plan on charging more than 40K
in a month...

I guess from what I've read here however there's no real incentive to
request for an increase if none's needed, right?


"mandg" <gscanga[at]email.uophx.edu> wrote in message
news:_8SdnafXqOLs0dfcRVn-uw[at]comcast.com...
- quote -

"mandg" <gscanga[at]email.uophx.edu> wrote in message
news:_8SdnafXqOLs0dfcRVn-uw[at]comcast.com...
- quote -

To a degree this probably wouldn't hurt, but if you are like most Americans
you probably have several lines of credit available to you. If that is the
case I would focus more upon reducing the number of lines of credit than
upon their expansion. Department store credit cards, gas cards and other
specialty cards really are not necessary and can have a negative impact upon
your evaluation for a mortgage. Further, by having multiple cards people
tend to be more prone to use them. And I should also add that it can be
difficult to monitor several cards for fraud. Failure to pay any of them on
time gets noted in your credit history. Closure upon customer's request is
also noted.

Several years ago I cancelled the gas cards, department store cards and the
second VISA card. The paper work has been greatly reduced and its far easier
to keep on top of things with just a Discover and a Visa. I use two because
not everyone takes the Discover card.

I suppose a final question would be why are you concerned about your credit
score? Are you trying to get into a new car or house in the near future?

-JSR

Generally credit card companies, increase the credit limit on C.cards
held by clients; who are regular with their payment dates, that is
they do not delay bills - that account for interest & fees.

Credit rating simply refers to the strength of a person to lure credit
in the debt market. Higher the credit rating, higher the chances of
him/her getting big loans/mortgages or credit limits.

Now coming to your questions:
If you have a higher line of credit on your C.card, you could boost up
your credit rating provided you have good financial history of paying
your credit card bills on time.

If you have more specific problems, then do write in.

Cheers,
K.Girish



"mandg" <gscanga[at]email.uophx.edu> wrote in message news:<_8SdnafXqOLs0dfcRVn-uw[at]comcast.com> ...
- quote -

In article <_8SdnafXqOLs0dfcRVn-uw[at]comcast.com> , mandg
<gscanga[at]email.uophx.edu> wrote:

- quote -

If you have very little available credit, then increasing your
available credit can be positive. If you go too far, then it
quickly becomes a negative. Just having the credit is not likely
to move your FICO score. You actually have to use that credit.
I don't see that as a good deal...paying fees and interest just
to pump up a credit score. But there are people out there who
are in competition to get the highest FICO score, and they
move tens of thousands of dollars between credit accounts
every month. This is silly -- one mistake or mail snafu and
and you can end up with a pile of fees and a huge mess to fix.

Is there some specific problem that you are trying to fix? If
so, please post the details.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

I was wondering if a higher line of credit on a personal credit card would
help increase a persons credit rating. Does anyone know if there's any
relation? Thanks!