Contacting your lender quickly can
minimize damage to your credit scores while helping you qualify for a greater range of assistance options.
Here is some general advice that can help you manage a low credit limit in a way that
minimizes any damage to your credit score:
Writing a letter of late payment after you have been late making your credit card or installment loan payment may be the best step toward
minimizing damage to your credit score.
Normally these will drop your score by a few points each, but if you complete them all within a 14 - day period, they'll be recorded as a single credit pull on your report and you'll
minimize any damage to your credit score.
Not exact matches
That said, it's wise
to furnish a first
credit card in a way that's most likely
to enhance, rather than
damage,
credit scores and
to minimize the possibility of unduly running up the household's
credit card debt.
Her rule of thumb is
to apply for four new cards every 90 days
to «
minimize the
damage»
to her
credit score from having too many inquiries in a short period.