One of our credit card's limit was increased today to $28,000, and I'm wondering if the increased limit (which equals Presumed Debt) will affect our FICO Credit Score. We surely do not need a $28K limit, and I want to lower it.
At some point, I would imagine too much "Presumed Debt" will affect our FICO Score?
All our bills are current, and we pay off the credit card balances every month.
Would greatly appreciate some insight on this. Thank you!
At some point, I would imagine too much "Presumed Debt" will affect our FICO Score?
All our bills are current, and we pay off the credit card balances every month.
Would greatly appreciate some insight on this. Thank you!
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