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Credit Scores Q&A

Q: How does an increased spending limit on a credit card affect my score?
A: An increased limit on your card may actually help your credit score. If you don't borrow more, a higher limit means a better credit utilization ratio, the percentage of your available credit you’re tapping into. Lenders want to see you use a small percentage of your available credit so you don't appear to be maxing out your cards.
Now that you know more about credit scores, sign up for TransUnion Credit Monitoring today and receive your credit report & score.
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