Impact of credit limits on Credit Scores

13/04/2023 4 min
Impact of credit limits on Credit Scores

Listen "Impact of credit limits on Credit Scores"

Episode Synopsis

Credit limits can impact credit scores in several ways, including the credit utilization ratio, credit age, payment history, and credit inquiries. A higher credit limit can improve the credit utilization ratio and provide more flexibility in managing finances, potentially leading to a better credit score. On the other hand, a lower credit limit can increase the credit utilization ratio, making it harder to maintain a good credit score. : https://sakshi67.wixsite.com/creditreports/post/impact-of-credit-limits-on-credit-scores