Indy_man asked:
After several years of CC debt I finally made it a point in 07′ to pay them off. So I wrote a $12,584.63 check (that hurt) to Visa to clear the remaining balance. The limit on this Visa was $16,000.00. Two weeks after the check was sent and applied to my account I received a letter from Visa stating ‘congratulations we have raised your credit limit to $23,000.00′. I don’t want/need that much credit and I am not sure if by keeping that limit helps or hurts my credit score or if I need to ever to apply for credit somewhere else if that will raise a red flag. Any adive of suggestions?
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After several years of CC debt I finally made it a point in 07′ to pay them off. So I wrote a $12,584.63 check (that hurt) to Visa to clear the remaining balance. The limit on this Visa was $16,000.00. Two weeks after the check was sent and applied to my account I received a letter from Visa stating ‘congratulations we have raised your credit limit to $23,000.00′. I don’t want/need that much credit and I am not sure if by keeping that limit helps or hurts my credit score or if I need to ever to apply for credit somewhere else if that will raise a red flag. Any adive of suggestions?
Website content