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Chapter 11. CREDIT REPORTS > Your Credit Limit

Your Credit Limit

Generally, the better your credit, the higher the credit limit a credit card company will offer you. After all, if you are a good credit risk, the more you use your credit card the more money the credit card company makes off of you as a customer.

Sometimes you can get an increased credit limit merely by asking your credit card company for it. And sometimes you don't even have to ask for an increase because just like Santa Claus is always watching to see who are the good girls and boys, so are the credit card companies constantly monitoring your credit card activity. If you have shown that you are handling your credit well, you may receive a notice from your credit card company raising your credit limit without you even asking. It is important to remember that just because your credit card company asked you to the prom, you do not have to go with them. If you have concerns about your ability to handle credit, just say no; or if you are feeling particularly polite, “No, thank you.” You are under no obligation to accept an increase in your credit line. For many of us, however, turning down an increased credit limit is difficult. We find ourselves much like Oscar Wilde who said, “I can resist anything except temptation.” But try.


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