- How It Works|
- FAQs|
- Help
- Log In to your account |
- Sign up now for free!
Credit Advice
Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!
Question
I recently received a increase on my credit card limit. How much will my score increase?
My balance due is now 40% of my credit limit and before the increase my balance was at 80% of my limit. How much will my score go up if my current CK score is 643? The above is the only credit card I have but I have a credit line of $3000 not over but at 95% ( maxed ).
Asked by
pacejoey
1 year ago
Flag this Question
1 response
- Prev
- 1
Reply To This Question
The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.
Let the community lend a hand!
3 Most Recent Questions in Credit Scores
How long does it take to recover credit points lost to inquiries?
0 Responses
Asked by Etmicrobe
under Credit Scores
I fell for the Best Buy $1000 gift card gimick on my cell phone . What should I do now?
1 Response
Asked by WRedjohnson
under Credit Scores
Featured Credit Repair Service
- Take action and start work to improve your credit, today!
- Lexington Law helps you work toward the removal of questionable, negative items on your credit reports.
- They have served over 600,000 clients since 1991
- Active Concord-level clients see, on average, 8.7 removals by month 3 and 28.6 by month 12*
*Your Results May Vary
SERVICE PROVIDED BY
Lexington Law Credit Report Repair
Over 1 million negative items removed by Lexington Law last year, including:
- Collections
- Late Payments
- Bankruptcies
- Foreclosures
Copyright© 2007-2012 Credit Karma™, Inc. Credit Karma is a registered trademark of Credit Karma, Inc. All Rights Reserved. Product name, logo, brands, and other trademarks featured or referred to within Credit Karma are the property of their respective trademark holders. This site may be compensated through third party advertisers.
If you have an installment loan (e.g. set payment on credit for which you have scheduled payments and cannot take out additional money), that does not play into your utilization. Utilization is only for revolving lines of credit. How much your score goes up will depend on alot of different factors. Going from 80 to 40% utilization will help your score, but other components can cancel out the increase. But, it may go up anywhere from 10 - 30 points, all things staying the same. The length of credit history weighs in, and with only two lines of open credit, that may hold your score back, as well.
phnxangell 1 year ago