Pamala
Rome,#2Consumer Comment
Wed, March 16, 2005
Just so you know, if you have anything seriously negative on your credit report, increasing any credit limit whether a secured or unsecured card is a risk. If you have something negative on your credit report, will mortgage companies or banks want to give you a loan to refinance or buy a home? Now-a-days if you have bad credit and an auto insurance company has it, you may get higher rates. Getting a credit limit increase also goes by your acct history, if you are staying near your limit and paying closer to the minimum than the balance, it may look as if you can't handle the acct easily, which is also a risk. (don't think that im pointing my finger at you, im speaking in general).