Mortgages and Loans Q&A
Q: I’m getting ready to apply for a mortgage. My credit card company has augmented the spending limit on a card. Will this be good or bad for my score?
A: Unless you use more of your credit, a higher limit will be to your benefit. Your credit utilization ratio, which is the percentage of available credit you’re actually using, plays a role in determining your score. Credit bureaus look more favorably on a lower percentage, as you don't seem to be using all the credit available to you. I hope your increased credit line improves your score.
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