Thread: They want to increase my line of credit. Will this lower my credit score?
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Old 05.05.2008, 17:39
woofer woofer is offline
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Join Date: Jan 2008
Posts: 632
Quote:
Originally Posted by jtank View Post
I am single at 50 trying to restore my credit. I filed bankrupcy 8 years ago with a failed self employed business. I have paid off all my credit cards, but my credit score is still low. I received an offer today from Capital One, stating that since I have moved successfully beyond my bankruptcy that I can get a Platiunum Mastercard with $2000 limit at 0% APR. Would this increase my credit score? I thought the $2000 credit would make it go down. Which way to I go? My credit is at 612 now!
I got one of these today as well, 0 percent interest until May 2009 UNLESS you were late in a payment in one month. I never even thought abut getting it as to me CO is not a good card to have. I did look at the back and the fact they want THIRTY NINE DOLLARS IN YEARLY MEMBERSHIP FEES was enough for me to rip it up.
Woofer
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