ilmscore | Credit Limit Increase Impact on Utilization Predictions
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Credit Limit Increase Impact on Utilization

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Increasing credit card limits reduces credit utilization ratio, which positively impacts credit score. For example, a $250 balance on a $5,000 limit results in 5% utilization, compared to 50% on a $500 limit.
"the higher the limits you have, the lower your balances will be in relation to that amount. For exam..."
Graham Stephan Graham Stephan
Jan 17, 2022
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The 5 BEST Credit Ca...