Troy Loney wrote:Kraftster wrote:Question: What goes in to determining how high of a limit to give when applying for a new card? I want to consolidate my remaining cc debt onto a 0% card, but I don't want to waste the credit inquiry if the limit won't be enough to move the debt to the card.
Debt to income to determine how much debt you can service.
Troy Loney wrote:I think you guys are too concerned about the inquiries. that's the same as like being afraid to report a fender bender to the insurance cause your policy might go up $25/year.
Kraftster wrote:I guess the main thing I'm curious about is how unused credit limits affect what sort of limit I can get. I have a big chunk of unused credit now that I am at about 40% credit utilization, but I don't have 0% APR for balance transfers on those limits so I have no interest in using it. I just wonder if a new card is going to be likely to give me a high limit knowing I have that other unused credit out there.
It says my credit history is only 5 yrs and 2 mos, yet the only derogatory marks left on my report go back to my college days (early-mid 90s). Porquoi? Only have one credit card, and it's a low limit account.
My report shows my paid off car loan and one late payment (it was a 60-month loan). Will that one missed payment in five years - which may have actually happened six or seven years ago - still be impacting my credit rating?
How do I find out what they are and what steps can I take to remove them from my report?
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