Asking for that Credit Limit Increase

And because I like to throw in some harder personal finance stuff into the mix from time to time, here is a post from our pals at Credit.com on figuring out when to request a credit limit increase:

Requesting a higher credit limit may shave a few points of your credit score at first, but it should be a small, short-term price in a long-term plan for better credit health.

“If you’re not heavily shopping for credit, an inquiry shouldn’t be a major impact on your score,” Detweiler said. Basically, don’t ask for an increase if you’re about to close on a mortgage or take out a loan.

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