At what point it becomes too much Credit available?

[phoenix_one]

100% of your income? 150%?

I am quickly approacing 100% of my annual income and I am concerned that I could start getting denied because of my available credit.

Can somebody shed some light in to the matter?

No Mortgage. No Car loans. Utilization less than 3%.

Thanks for your insight.

[Dustink]

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@phoenix_one wrote:

100% of your income? 150%?

I am quickly approacing 100% of my annual income and I am concerned that I could start getting denied because of my available credit.

Can somebody shed some light in to the matter?

No Mortgage. No Car loans. Utilization less than 3%.

Thanks for your insight.

---

I would say it depends on your history. 20 year aaoa, 800+ ficos, no baddies. You could probably hit 1000% if you had an app spree fairly often.

[CreditScholar]

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@Dustink wrote:

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@phoenix_one wrote:

100% of your income? 150%?

I am quickly approacing 100% of my annual income and I am concerned that I could start getting denied because of my available credit.

Can somebody shed some light in to the matter?

No Mortgage. No Car loans. Utilization less than 3%.

Thanks for your insight.

---

I would say it depends on your history. 20 year aaoa, 800+ ficos, no baddies. You could probably hit 1000% if you had an app spree fairly often.

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If you app-spreed that often, I doubt you'd have a 20 year AAoA.

[myjourney]

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@phoenix_one wrote:

100% of your income? 150%?

I am quickly approacing 100% of my annual income and I am concerned that I could start getting denied because of my available credit.

Can somebody shed some light in to the matter?

No Mortgage. No Car loans. Utilization less than 3%.

Thanks for your insight.

---

IMHO as long as you show responsibility and as history grow with lenders they aren't to worried about the ratio

[enharu]

Banks analyze many different factors in order to determine their maximum exposure to each client. Length of credit history, derogs on file, payment history, internal scoring, amount of money deposited / invested with them, duration of employment, etc.

Its hard to tell what your maximum exposure is going to be. Only way to know is when you start getting declined or adverse action is taken against you.

[mnscoutNYC]

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@CreditScholar wrote:

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@Dustink wrote:

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@phoenix_one wrote:

100% of your income? 150%?

I am quickly approacing 100% of my annual income and I am concerned that I could start getting denied because of my available credit.

Can somebody shed some light in to the matter?

No Mortgage. No Car loans. Utilization less than 3%.

Thanks for your insight.

---

I would say it depends on your history. 20 year aaoa, 800+ ficos, no baddies. You could probably hit 1000% if you had an app spree fairly often.

---

If you app-spreed that often, I doubt you'd have a 20 year AAoA.

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Very true

[Dustink]

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@CreditScholar wrote:

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@Dustink wrote:

---

@phoenix_one wrote:

100% of your income? 150%?

I am quickly approacing 100% of my annual income and I am concerned that I could start getting denied because of my available credit.

Can somebody shed some light in to the matter?

No Mortgage. No Car loans. Utilization less than 3%.

Thanks for your insight.

---

I would say it depends on your history. 20 year aaoa, 800+ ficos, no baddies. You could probably hit 1000% if you had an app spree fairly often.

---

If you app-spreed that often, I doubt you'd have a 20 year AAoA.

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Consistent apping from 18 years old until retirement would yield a 20+year AAoA. I think it could happen; $100k annual income yielding a combined limit over $1m. That would be a lot of time spent chatting with underwriters..haha

[Sabrian31487]

I was nervous about this as well concidering i only made 26500.00 a year and i already had 20000.00 in credit. Went to apply for a second American Express card and guess what.. Not only did they give me another card, it is my highest limit card at 7000.00 .. I have more in credit than i make a year! WOOPS!! 

[longtimelurker]

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@enharu wrote:
Banks analyze many different factors in order to determine their maximum exposure to each client. Length of credit history, derogs on file, payment history, internal scoring, amount of money deposited / invested with them, duration of employment, etc.

Its hard to tell what your maximum exposure is going to be. Only way to know is when you start getting declined or adverse action is taken against you.

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+1.   And it is individual by lender.  Citi rejected a small $3k CLI because of too much credit (probably due to my exposure with them) but since then other lenders have given me a $3k, $5k and $6K CLIs.   The Citi rejection happened at a fairly low ratio, CL to income of about 1.5.

[Smug]

I am at almost 4 x my income and have stopped.