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.
So if you get an extra $5,000 added to one credit card line, thatâs $5,000 worth of credit you likely wonât be able to get from another lender, he says. If you decide to request a credit-line increase, pick one card only, says Susswein.