6
My score jumped 47 points after I asked the credit card company to lower my limit
I figured maxing out a $500 card was killing my utilization, so I called Capital One and begged them to drop it to $200, and suddenly my score went from 612 to 659 in one billing cycle - has anyone else tried this reverse psychology thing?
2 comments
Log in to join the discussion
Log In2 Comments
skylerg172mo agoMost Upvoted
Life's full of that - sometimes you gotta shrink to grow.
8
tyler6142mo ago
I used to think lowering your limit was always bad for your score, but this actually changed my mind. Keeping that utilization ratio low makes a huge difference, especially when you're working with a small card like that. Did you notice any other changes in your credit report after they lowered it?
3