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Mortgage application should I accept PayPal credit limit increase?
abingdon5191
Posts: 2 Newbie
in Credit cards
I am due to change my mortgage in June. I have been offered an increase to my credit limit with Paypal. Should I accept and it will help my application credit score or decline?
0
Comments
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It'll have minimal impact either way.1
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It's quite likely that your credit score will drop, as the limit increase represents a change in your credit circumstances. But as the score is not used - nor even seen - by any lender, that won't make a scrap of difference.As MorningCoffee says, an increase in limit will have minimal, if any, impact. It's when you take out a new line of credit just before a mortgage application that it can cause issues.1
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