Is requesting an increase in a credit card limit treated the same as an application for new credit for FICO?

Posts Tagged ‘Credit Card Application’

Is requesting an increase in a credit card limit treated the same as an application for new credit for FICO?

By Author on Wednesday, September 14th, 2011 | 6 Comments

I know that applying for a new card will reduce my FICO, and that increasing credit limits (while keeping debt amounts constant) will increase my score – but this would not be the case if requesting the increase in credit limit is treated as a new credit card application? Related Credit Card Sites

Instant approval credit card application needs review?

By Author on Sunday, March 13th, 2011 | 4 Comments

I applied for a Citi Forward Student credit card this afternoon and the instant credit card application said that my application was received and needs further review. Is "further review" another way of saying denied. I have fair credit and have only one other credit card (Discover). What do you think my chances are? Related [...]

How is a credit card considered a written contract instead of an open account?

By Author on Wednesday, November 24th, 2010 | 2 Comments

I am being sued by a collection agency for an old (over 3 years) Visa credit card debt. I live in Alabama and the Statue of Limitations on Open Accounts is 3 years. I hired an attorney but he says that I probably will have to settle because it is not an open account but [...]

If the bank deny a credit card application due to not enough credit history?

By Author on Wednesday, November 10th, 2010 | 6 Comments

I was denied a credit card from the bank because I didn’t have enough credit history. Now I’m getting credit card offers from Capitol One and American Express almost every week. Does this mean I might be able to obtain a credit card from a different company? Just the bank wasn’t okay with the amount [...]

What does it mean when my credit card application was declined due to "Collection"?

By Author on Tuesday, November 9th, 2010 | 5 Comments

It would be my first credit card application. I asked some friends from work (where I have worked for two years- Best Buy) and they said to apply for a Discover Student Credit Card. I was declined for what they call, "COLLECTION" Does anyone know what this means? Related Credit Card Sites Online Applications | [...]

Credit Cards For Fair Credit

Posts Tagged ‘Credit Card Application’