Using paypal To increase limit

Galstonian

Many bookmakers frown upon this and suspend your account if you keep pumping money through without betting (it looks like money laundering), they can stop you getting access to your money pending investigation.

lee3276

Wow I didn't think of that at the time, Won't be doing that again, ALL LAST MESSAGE BAD ADVICE DON'T DO IT. Cant beleive it I'm a crook

THE_ROCK84

Galstonian wrote:

Surely the questions that need asked are why you need a higher limit and why can't you get one?

What exactly are you trying to achieve?

If you have a poor history time is the only thing that will heal it. If you want to buy things that are more expensive than your limit then load the card first, if you don't have the cash then credit cards are not the best way to borrow. If you want to stooze then you need a decent history to start.

I've i decent history, ive had a barclaycard (700 limit) and capitalone (500) for three three, and ive only missed 1 payment on each account two years ago. i know they both report there account performance to experian and equifax. I just want better limits on the cards before i apply for another one. :T

THE_ROCK84

MyUserNamesTaken wrote:

Rock, as you've stated that your only reason for doing this is to get your credit limit increased, I'd say your best bet is to use your credit card to pay for your every day things, rather than the cash in your bank account. Clear the balance on your CC every month and repeat. That way, you are regularly using your CC and meeting the repayments. After 6 months, they'll normally increase your credit limit. Just make sure you don't go silly and run into a situation which leaves you unable to clear the balance each month (otherwise you'll start incurring interest).

I do that with my barclaycard

Rafter

If your credit limit is that good there must be another reason.

Credit limits are asigned based on your credit history and your ability to pay.

Worth calling Barclaycard and seeing if they will up your limit, particularly if your salary is considerably higher than it was.

However, the big credit limits quoted around this site are only available to people earning above average income and employed rather than self employed (>£30,000).

Other things that can count against you are your postcode, whether you are on the electoral roll etc and whether you rent or own your own home.

If you think your limits are unfairly low, it may be worth getting hold of your credit reference from Experian or Equifax or both. You may find they are holding some out of date information about you or a 'financial association' with a former housemate or family member who has a poor credit record.

Good luck.

R.

THE_ROCK84

Rafter wrote:

If your credit limit is that good there must be another reason.

Credit limits are asigned based on your credit history and your ability to pay.

Worth calling Barclaycard and seeing if they will up your limit, particularly if your salary is considerably higher than it was.

However, the big credit limits quoted around this site are only available to people earning above average income and employed rather than self employed (>£30,000).

Other things that can count against you are your postcode, whether you are on the electoral roll etc and whether you rent or own your own home.

If you think your limits are unfairly low, it may be worth getting hold of your credit reference from Experian or Equifax or both. You may find they are holding some out of date information about you or a 'financial association' with a former housemate or family member who has a poor credit record.

Good luck.

R.

Thats all fine.