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- Jul 6, 2008
Hey guys,
looking for some advice here...last time i got my FICO score from freecreditreport.com was back in 2011. Got a 735 then.
did not run any reports until my citicard told me they started offering free experian fico scores. Checked today and saw that i'm at 711.
one of the bad things I have is my credit ratio. I pretty much only have one credit card and it's usually always maxxed at $4k.
took advantage of the 0% APR and just started charging...and charging..and you know the rest. My budget allows me to pay $500 a month on it and I should be able to wipe it clean by May.
i want to increase my score within the next 2 months since i will be taking out a loan for a motorcycle.
what are the chances of me getting a credit increase if i ask while the card is maxed? do you think the hit i get to my score from applying and not getting it is higher than applying for a credit increase thus lowering my credit debt?
thanks!
best thing to do is bring down that balance honestly, you can't wait until May to get the motorcycle? or pay off more?