Credit limits?
I have good credit. Will increasing my limits on my cards improve my credit rating?
The Answer : Too bad these people can't take a few moments to research their answers.While it is true that having too high of a credit limit will hurt your score, having low credit limits also reflects the fact that creditors to not trust you and are afraid to offer you credit. That will also have a negative impact.Therefore, you do need to request higher credit limits. Just don't overdo it. There is no reason for someone making $50k a year to have $100k in credit limits! Go to http://www.myfico.com and read their consumer education material. This is the site of the folks who developed the credit scoring system.
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