Banker says I have too many credit cards

[Slab]

I recently applied to my bank for a recreational vehicle loan and it was approved. They had previously financed a RV for me which I have since sold and the terms were 6.2% And now the banker says they will approve me at 7.2%. My score has improved from the first loan to now by at least 25 points. I couldn't figure out why they would charge me a higher rate until I talked to the main guy at the bank and he told me that I now have too many credit cards so I am now more of a risk. I have 7 cards with $32800 available credit but keep my usage at 2% on 1 card. Does any of this make sense?

[09Lexie]

What's your d-t-i?

[NJTurnpike]

take your business elsewhere. there's plenty of credit unions out there who will finance rec vehicles for much better rates. a "real" manual review of your credit for a vehicle would take note of your payment and balance histories and realize you're really not a higher risk.

[Slab]

My dti is 29%.

[NJTurnpike]

yea your banker is nuts. take your business elsewhere.

[LS2982]

To quote Tony Montana:

"You banker is taking you for a loooooong ride mang......."

[zerobacan]

Some one is trying to score some solid points for comission right there...

[NJTurnpike]

the opinion of your banker is made even worse by the fact that you have an established proven relationship with the bank.

[suzook1]

Run dont walk.....

[starry1]

It sounds to me like that "banker" is trying to take advantage of a loyal customer.