B is probably way better equipped to handle this one, but I'll take a stab at it.Originally Posted by Fosco33
Bumpy Bump
About every month, my credit card company automatically raises my limit although I'd never use it. Previously, I asked them to lower the max b/c I read that before a loan it looks better to use more credit. What is the appropriate response? Should I continue letting the company float me a higher credit limit or not?
If it's not so high as to screw up your ratios, you should be fine. I take it your concern is about your credit rating as it relates to getting a home loan. In that case the best thing you could do would be to pull your own credit report and review it for errors. Make sure any errors are corrected. At that point you could take it to a loan officer and have him look for any ratios that are out of whack. You could probably get pre-approved for a loan, and the loan officer could probably let you know if any of your credit lines were hurting your ability to secure a larger mortgage.
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