HOW TO INCREASE THE CREDIT LIMIT?
Let’s say you are willing to take a credir but your credit limit is low and you cannot take as much as you want.
If you want the limit on the card to increase, follow these rules:
Use the map. It is important for the bank that payments are made on the card. Otherwise, the bank will decide that you do not need a loan, and nothing will be raised. The more money you spend on the card, the more likely you are to raise the limit.
Do not allow delays. The bank looks at the credit history. Especially carefully – for the last months when you used the map. The longer there was no delay, the better.
Pay in advance. If you have a habit of paying at the last minute, there is a risk that one day you will be late. The bank does not like those who pay at the last minute.
Be in touch. Bank employees mark in the database if they can not get through to you. For them, this means that in an emergency they will not be able to contact you. Tell the bank the actual mobile phone, and better still home. Inform, if you change the number.
Indicate the income data. To entrust you a loan, the bank should be sure that you can pay it. To do this, he needs fresh data on the employer and income. Report to the bank if you change jobs or get a higher salary. If you have unofficial income – also inform. The bank is not tax, only your actual earnings are important to it.
Pay by credit card for goods that show your income. The bank looks at the amounts and categories of purchases on the credit card. If you buy plane tickets, go to restaurants and dress in prestigious stores, the bank understands that you are earning well. If the card you buy only food, the bank can decide that you have problems with earnings. Even if you buy caviar and champagne.
Pay off arrears in other banks. The bank checks the credit history: if there is any delay for you somewhere, the bank will not increase the limit. But if you cancel the delay, the program may not take it into account. As far as the bank is concerned, past and current delinquencies depend on the policy of the bank, but in general, repaid debts are better than those outstanding.
Do not collect a lot of credits. If you have loans in different banks, there is a risk that one day you will not pay them off. The bank estimates the number of your loans and the total amount. The more, the less likely to increase the limit. Only to a mortgage and a car loan the bank is sympathetic.
Use the cards and deposits of the bank. The bank processes all the data about you, which it has. If you use cards and deposits, the bank knows what your income is, what your savings are and how you manage them. And the confidence in you is growing.
Give the bank to earn. For a bank, a loan is an exchange: it gives money, you pay interest. The bank will not want to give more money if it believes that it will not get anything in return. Therefore, there is less chance of raising the limit for those who do not use paid services and return the entire amount in an interest-free period.