Thursday, December 15, 2011

What happens if you go over your credit limit?

I went over my $1,000 limit by $10 by accident. I always pay everything off in full by the due date. Will this hurt my credit?|||You'll be dinged with a fee and it'll be marked on your credit report, lowering your score a little bit.





Your limit may even be lowered or your interest rate may be increased.





It does not look very good, but it is not the end of the world.|||I do not know who issued your cc but try to call the credit department and ask for either a credit line increase or temporary credit line increase. The temporary one gives you only 30 days to get the account back under the limit though. I would highly suggest if you cannot get a CLI then transfer that balance over to another credit card of yours or transfer the amount that is at least overlimit to avoid getting charge overlimit fees. You minimum payment will drastically change as well. So please take care of that matter ASAP otherwise you will be digging yourself in a never ending hole. Credit card profit from our mistakes.|||You will have to pay a fee and if you don't pay it down right away, those fees will add up to make it even more over the limit - it may show on your credit score, but if you pay it off every month it shouldn't hurt much!|||They'll hit you with a fee.





Try calling them and see if they'll increase your limit to $1500. If you've been with them a while and always pay things off in time, this shouldn't be a problem but you'll still have to pay the overlimit fee.|||Heck yeah, it will take a toll on your credit!|||yes it can ........they will charge you extra money ...hurry and get this paid ...........ASAP





they can raise your interest / APR

No comments:

Post a Comment