Does going over a credit limit affect a credit score?

Answer Yes. Going over your credit limit can lower your credit score because it increases the amount you owe. Credit-scoring formulas reward low balances with higher scores and penalize people who carry h... Read More »

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Why Do Credit Cards Lower Your Credit Limit?

If you call your credit card company and request a lower credit limit, the company is likely to grant it. For reasons that consumers are not aware of, however, they often have their credit limits l... Read More »

How to Get a Credit Limit Increase on a Credit Card?

Credit limit increases are beneficial to you in more ways than 1. Not only do you have more available credit to work with, but raises in your credit limit can also improve your credit score by lowe... Read More »

What is a low credit card limit?

Low spending limits on major credit cards are usually between $500 and $1,000. However, some can go as low as $250 or $200. Credit cards such as those for a specific retail store may have limits as... Read More »

What is the age limit for the additional child tax credit?

Children must be under the age of 17 on the last day of the year to qualify for the child tax credit, according to the Internal Revenue Service. Taxpayers who claim the child tax credit and meet ce... Read More »