Updated over 11 years ago on . Most recent reply
timing the credit increase request for unsecured Biz line of credit
Around February I requested and was approved $15k unsecured business line of credit. I have been using it responsibly and currently have an unpaid balances of $1,500.
The question is, when would you request a credit increase? Would you do it know with the unpaid balance? Or would you pay off the balance first before requesting the increase?
I have an excellent credit but low on cash so will have to wait about 3 months if I deicide to pay of balance first.