Is a credit limit increase offer indicative of an improvement in credit rating?

ValHaller

The_Boss wrote: »

*bangs head against wall in frustration*

What gave you that impression? Serious question.

I think it is a default assumption people make without thinking too much more about it - once they are aware of the CRA's offering a so-called 'credit score'. Then they get sucked in by the stuff on the CRA site about monitoring the score and working to 'improve' it.

[Deleted User]

please don't be tempted to use that extra limit

The_Boss

ValHaller wrote: »

I think it is a default assumption people make without thinking too much more about it - once they are aware of the CRA's offering a so-called 'credit score'. Then they get sucked in by the stuff on the CRA site about monitoring the score and working to 'improve' it.

I'm expecting the OP fo reply along these lines. There's one CRA in particular who are suckering people in with this. There needs to be far more transparency over what they offer and that their credit score is practically meaningless in the real financial world.

jessie4109

And also the fact that a certain CRA is selling you a "score" but also an insurance product.