1. May 10, 2009 #1
   

   ndbilly New Member

   My question is, I have $6,000 that I would like to utilize with my credit. My utilization is at about 40 %. I also have a Bank of America credit card with a $1000 max.
   Which option would increase my credit score, 1) pay down on my utilization or 2) increase my credit limit on the Bank of America credit card to $7,000

    

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3. May 10, 2009 #2
   

   jjgross Well-Known Member

   Pay down but not off because they might close it.

    

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