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Quick EX question

Discussion in 'Credit Talk' started by author_22, Sep 13, 2001.

  1. Sep 13, 2001 #1
    author_22

    author_22 Well-Known Member

    This appears on Sterling:

    Credit Limit/Original Amount:
    $504 (when my deposit posts will it say $600/504?)

    High Balance: (does this mean it will report the highest I ever had?)
    $267

    Just let me know if I'm right. :)

    Steph
     
  3. Sep 13, 2001 #2
    roni

    roni Well-Known Member


    High Balance is rarely used by credit cards. It's mostly for installment accounts like mortgages and student loans. Credit limit should be $600. Don't max it out or it will hurt your credit scores.
     
  4. Sep 13, 2001 #3
    author_22

    author_22 Well-Known Member

    Thanks. I made a $200 payment this week and plan to not allow it to go above 50% of the limit again, prefer 1/3 or less.

    Steph
     
  5. Sep 13, 2001 #4
    Bill B

    Bill B Well-Known Member

    I have a maxed out card but when i pay it down will my credit be ok again?
     
  6. Sep 14, 2001 #5
    G. Fisher

    G. Fisher Banned

    What is the limit?

    What is the account limit?

    What do you mean by "deposit"? Are you increasing a secured account limit by making an additional deposit?
     

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