March 2017

The difference between available credit and the credit limit is related to the account balance of a credit card or other debt. The credit limit is the total amount of credit available to a borrower, including any amount already…

What are the most common reasons credit limit increase requests are denied? After the financial crisis of 2008 and 2009, most banks are a little more cautious when evaluating the credit they offer consumers, including credit…

Consumers trying to improve their credit rating are often advised to increase the credit limit on their credit cards. A key factor in your score on a credit report is your credit utilization rate, which takes into account the amount…