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Creditnet's Guide to Getting a Higher Credit Limit |
August 09, 2014
SEATTLE, WA--(Marketwired - Aug 8, 2014) - For consumers that consistently spend close to their credit limit, increasing that limit can be an easy solution. Getting a higher credit limit not only lets the person spend more, but it can actually improve a person's credit score. Lenders take a look at how much a user spends compared to the amount of credit available to them when determining their credit score. This is called the utilization ratio. When the utilization ratio is low, lenders see it favorably, as the user is financially responsible with his or her money. As a result, a user's credit score will increase.
Link: http://www.marketwired.com/mw/release.do?id=1936867&sourceType=3
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