What Should You Do If Your Credit Limit Is Raised?

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Peter Casciotta has been quoted in GoBankingRates Financial News & Yahoo Finance.


A credit limit is an important factor in determining your personal credit score. The way you apply this limit matters more than you might imagine. Furthermore, the extent to which you use your credit limit might have a significant impact on your credit score (you can see what Peter has added about leveraging debt here).

When your credit limit increases, the best strategy is to consistently use less than one-third of your available credit. Credit users who do so are seen as being fiscally responsible. Those who use a higher percentage, on the other hand, are perceived as being overextended and untrustworthy.

There are several other considerations that should be paid attention to such as interest rate decreases and leveraging debt in a smart way.

To learn more about Peter Casciotta of Asset Management & Advisory Services, call (239) 356-1515 or contact us today. Peter is a financial advisor in Cape Coral, FL that prides himself on sound financial planning processes and the relationships he builds with his clients and the professionals that he works with.

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