All sorts of good things start to happen to people when they send their credit scores in an upward direction. Some of them are expected, while others can be pleasant surprises!
Eduardo M. found this out firsthand after we connected him with a certified, nonprofit credit counselor.
First, late payments and a collection account were removed from his credit report. Then, with the resulting increase in his scores, his credit card limits increased, raising his scores even further as his credit utilization rate dropped!
In 9 months’ time, Eduardo’s score jumped from 594 to 699 – a difference of 105 points.
Higher credit card limits might seem like a double-edged sword for someone who has dug themselves out from under a negative credit history. But with the lessons he’s learned from his credit counselor, Eduardo has the knowledge and the tools to use his new borrowing power responsibly. Plus, his credit scores went up as a result. That’s what we call a win-win!
Read more credit success stories here.