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It' s common for credit cards companies to check the way you have dealt with your credit cards and determine whether your limits deserve an upgrade - or even a downgrade. Basically, they perform a personalized credit check for you on the basis of your service. When you have used the cards on a regular basis, kept an eye on refunds and have not maximized them, you can raise the limits after about 6 month.
Maybe if you think you need a little more credit to make a big buy or go on vacation, you might want to apply for a higher credit line. The majority of map vendors have a mechanisms to make a query, but keep in mind it is exactly that - a query. Your credit rating will be checked by the vendor who will also verify how well you have administered your credit cards.
There will not be much user information if the map is new, so be ready to decline your query. However, if there is enough good information about you in your system, it is possible that you will get the raise you want. Keep in mind that the act of a creditor conducting a credit review will leave a mark on your scores.
However, if more than one Ecological Footprint is identified (i.e. from many credit applications over a brief timeframe ), it triggers an alarm and reduces your chance of obtaining credit. If you are refused a credit line extension, let it go one or two months before you ask again - even if it comes from a very different borrower.
These are more hints to protect and improve your credit rating. A number of creditors will ask you for evidence of your earning when you apply for a raise in your credit line. The aim is to avoid a situation where those who have recently been out of work or have suffered a reduction in their salary use a credit card in addition to their own incomes, which would pose a threat to the creditor.
It is not uncommon for an issuer to restrict its clients to one raise every three weeks, so if you had one last month, it is probably best to hold it for two or three weeks. Aside from the transient carbon print it will leave behind, the demand for an increment will have no medium-term effect, so if you think you need a little more purchasing strength, it probably makes sense to make a query.
The use of a smaller proportion of your available credit is a good indicator for some credit ratings companies or map publishers. Of course, if you raise your limits, but your account balances remain the same, this means that you have a lower relationship of account balances to available credit. Though the effect may be small, it is the combination of many small things that make up your creditworthiness.