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A collection agency contacted my mom two days ago for a delinquent account. The person she is speaking to is offering a 40 cent on the dollar cash payout on a $13,000 balance, but says that the ...
PIN NUMBER REVERSAL "If you should ever be forced by a robber to withdraw money from an ATM machine, you can notify the police by entering your Pin # in reverse. For example if your pin number ...
They have the worst Collectors and customer service reps ever. They constantly try over-talk you will call you a liar to your face. After today I will start recoeding my conversations with them. T...
I see a lot of people on here who answer questions about credit that put others down who are seeking help b/c of poor decisions. They rub it into the person's face that they have flawless credit ...
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Lets say you make 50K a year and have 100K in available credit.
Wouldn't that hurt your chances for a loan, or will it improve them?
Wouldnt the leder be afraid, you'd "go ...
Sometime in 2005 this collection agency in New Jersey sent me a letter by mail saying I owe something like 2600 dollars for a debt to Verizon. The name on the information they sent was not even ...
rubenbandman
My bank of america credit card had a limit of $600. now it has a limit of $1200. why is that?
i never asked for a credit line increase.
and i have never paid my bills late.
From an ex bill collector for them. Be aware... yes you pay your bills on time which is great, but it means that they see that there making money off of you and want to make more. They do this so you keep a higher balance and make more interest off of you. Try this, when they give you a credit line increase call them and request a lower interest rate. Tell them if you qualify for a line increase it must mean your a good and low risk customer. Therefore deserve a lower rate. I've seen it done. Might not happen every time but worth the try. You would be surprised what they will do to keep your money in their portfolio's lookes good with the shareholders.
Tracker
They raise it for good credit usage.
You want a higher limit. It positively impacts your credit score. 30% of your score is determined by the outstanding balances you have to available credit. The lower your balances compared to the higher your available credit, the better your score.
http://www.myfico.com
kidd3422
They give you an increase every so often if you are paying your bills on time. They see you are less of a credit risk to them and they are hoping you charge more now so that you'll carry a balance and they are able to make interest off of you.
Baby Gyrl
It's BECAUSE you have always been on time that they raised your credit limit...it's a good thing, it means that they recognize your good credit habits.
Sharon F
probably because you've paid on time and probably more than the mininum
they review your credit every 6 months or so and if you are doing good they will automatically increase your credit limit
congrats!
remixx
Because you never paid your bills late thats why you got the 6 months limit increase you should be happy you got it.
John
when banks see that you have good credit and keep your credit card paid on time they increase your limit automatically because the chances are that you will use the increased limit of the card and still keep your account in good standing.....and that means more money for them in interest.
Marks-a-lot
your credit score went up. by paying on time, b of a increased your limit. it will happen again as long as you continue to pay on time
Chelle
Check out the terms and conditions of your credit card. Some lenders will automatically review your account after so many months for a line increase. It's a way to increase your open to buy ... a way for you to make more purchases. They benefit.
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