Is requesting an increase in a credit card limit treated the same as an application for new credit for FICO?

Posts Tagged ‘Credit Card Application’

Is requesting an increase in a credit card limit treated the same as an application for new credit for FICO?

By Author on Monday, September 12th, 2011 | 6 Comments

I know that applying for a new card will reduce my FICO, and that increasing credit limits (while keeping debt amounts constant) will increase my score – but this would not be the case if requesting the increase in credit limit is treated as a new credit card application? Related Credit Card Sites

How is a credit card considered a written contract instead of an open account?

By Author on Tuesday, November 23rd, 2010 | 2 Comments

I am being sued by a collection agency for an old (over 3 years) Visa credit card debt. I live in Alabama and the Statue of Limitations on Open Accounts is 3 years. I hired an attorney but he says that I probably will have to settle because it is not an open account but [...]

What does it mean when my credit card application was declined due to "Collection"?

By Author on Tuesday, November 9th, 2010 | 5 Comments

It would be my first credit card application. I asked some friends from work (where I have worked for two years- Best Buy) and they said to apply for a Discover Student Credit Card. I was declined for what they call, "COLLECTION" Does anyone know what this means? Related Credit Card Sites Online Applications | [...]

Does canceling a credit card application before it is approved or denied going to affect my credit?

By Author on Monday, November 8th, 2010 | 2 Comments

I know that canceling an open card can adversely affect credit. But I canceled the actual application process, minutes after I applied. I had hoped to get instant approval to get a big discount on an airline ticket, but as a student and my little income they would have had to do a full background [...]

Learn How To Make Successful Credit Card Applications

By Author on Sunday, October 3rd, 2010 | No Comments

How To Make Successful Credit Card Applications If you want to have complete access to the latest services and products that are available then it is important to have credit cards. By using plastic we can get a cheaper price and greater options. It would be very difficult to make an online purchase without using [...]

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Posts Tagged ‘Credit Card Application’