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Scam Alert: If you own a home, there’s a pretty good chance you’ll need a contractor at one point or another. Unfortunately, finding a good one is easier said than done. According to a new study, one in 10 Americans has fallen victim to a contractor scam. The types of scams run the gamut, but baby boomers tend to be the most vulnerable, with 15% saying they’ve been a victim. Millennials were second-most likely to be victimized, at 13%.

Visit our Fraud Education Center to learn more about trending scams and Red Flags to watch out for. 

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Moving the Ceiling

June 27, 2022

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What to know about increasing your credit card limit.

When you open a credit card, the issuer assigns you a spending limit. If you spend above that limit, your card is declined. While over time, your credit limit will increase automatically (if you’re in good standing), there are some perks to asking for a bump on your own. Here’s what you should know.


When to Ask

You’re more likely to get a credit increase if you time it right. Make sure your credit score is high before asking. A high credit score shows the issuer that you are likely to make payments on time and not go over that new, higher limit. You’re also more likely to get a limit increase if you’ve been making timely payments over a long period. Again, it’s all about showing the card issuer that you can handle a new limit.


Why to Ask

As USA Today notes, one of the biggest factors impacting your credit score is your credit utilization ratio. This number reflects the amount of credit you’re using compared to your overall credit limit. You want to keep your ratio at 30 percent or lower. If your utilization ratio is higher, your credit score could suffer. Therefore, one of the benefits of upping your credit limit is that it can lower your credit utilization, which in turn will likely boost your score.


How to Ask

If you’ve decided to ask for a credit limit increase, simply call your issuer or apply online. If you’re denied, don’t fret. You can always ask again when the tinting is better.



This article was originally posted on 


The material provided on this page is for informational use only and is not intended for financial, tax or investment advice. VisionBank and/or its affiliates assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional and tax advisor when making decisions regarding your financial situation.

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