A frontal boundary draped from the Mid-Atlantic to Texas will continue to focus showers with the potential for locally heavy precipitation. A new active storm pattern will bring rain with mountain snow to the west. Pacific storms moving into the Central U.S. this week will bring showers and thunderstorms to the northern states. Read More >.
Use Less Credit. While you can lower your credit utilization by increasing your credit limit, you can also attack the other side of the issue. If you have 40 percent utilization due to a $1,000 balance and a $2,500 limit, spending or owing less on your credit card will have the same impact as raising your credit limit.enerally, getting denied for a credit increase wonât directly affect your credit report or your credit score. However, while the denial itself doesnât make a difference, the process leading up to it can. Also, by not getting a credit increase, youâre missing out on the benefits of having additional credit.
1 Receiving a limit increase can help lower your credit utilization rate. 2  If you have $1000 of debt and your limit is only $2000 you are at 50 percent of your utilization. 3  But if you can add another $2000 to your limit youâll be at 25 percent. Donât let a higher limit lead to higher debt. 2  Just because you were given an increased credit limit shouldnât mean you have an excuse to spend more and increase your debt. 3  Closing too many accounts at once can negatively affect your score. 4  Consumers should always keep their credit utilization to less than 30 percent.