Re: Does a high limit effect credit negatively?

Posted by catballou (207.43.76.150) on March 09, 2004 at 19:35:08:

In Reply to: Does a high limit effect credit negatively? posted by HP2025 on March 09, 2004 at 15:24:37:

dunno how right this is but i was told that companies look at limits as if you already owed the entire amount. i wouldnt think it would be good. i still think credit almost like heroin..its just too easy to pretend you can afford something and end up over your head in it, a first one at 12,000? are you sure? also they may lower it later and try to get her overlimit..but ok i digress. i dont think its good for your credit. they will look at it like she has already spent it.

Follow Ups:

Post a Followup