Impact of credit limits on Credit Scores
Credit limits can impact credit scores in several ways, including the credit utilization ratio, credit age, payment history, and credit inquiries. A higher credit limit can improve the credit utilization ratio and provide more flexibility in managing finances, potentially leading to a better credit score. On the other hand, a lower credit limit can increase the credit utilization ratio, making it harder to maintain a good credit score. Read More: https://sakshi67.wixsite.com/creditreports/post/impact-of-credit-limits-on-credit-scores
