These are cues people use to determine how much status a person holds and how they should be treated. Such symbols can include possession of socially valuable attributes, like being conventionally beautiful or having a prestigious degree. Wealth and the display of it through conspicuous consumption are also indicators of status.
Benefits. However, the benefit of requesting a credit-line increase can outweigh the potential negative consequences of the credit inquiry. For example, say a consumer has a balance of $1,800 on a credit card with a $2,000 limit.This is a high balance percentage--another factor than could decrease a FICO score.any factors, such as amount of debt, number of accounts, judgments, credit line increases (and decreases), and credit inquiries affect the credit score.
First, it could impact the length of their credit history. Your credit age makes up 15 percent of your FICO score. So if the account you're considering dropping them from is one of their oldest, they could see a hit to their score. Probably a bigger factor is credit utilization, which makes up 30 percent of a score. This is the ratio of available credit they have to the amount they're actually using. If you drop them from your card, their credit line drops, too. And this could increase their ratio.