New Contributor
Posts: 58
Registered: ‎09-27-2008

Re: CL compared to gross income

I'm with you.  My combined CL are less than a week's pay.  I have great income $150k plus bonus, but I've been spending every extra dime trying to get totally out of debt erase/ payoff past mistakes.  I'm also paying a chunck toward my sons college tuition so he is not saddled with student loan debt, as mine is crushing. 


Prior to divorce and BK my CL were multiples of my income.  There are pros and cons. I've experienced both.  If you use wisely (we didn't) it can help for things such as paying tuition bills early and getting the rewards. Now that is all paid with cash (it's own advantage). 


I would be happy if I can get to $25k in CL on prime cards. 

Starting Score: 644 EQ 548 EX 567 TU
Current Score: 644 EQ 665 EX (12/25/12 lender pull) 635 (Walmart 1/3/13) TU
Goal Score: 760

Goal: no apps until August 2014! Last app: 8/2/2013
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Super Contributor
Posts: 6,548
Registered: ‎04-07-2008

Re: CL compared to gross income

At around 120K/yr while other factorrs in your credit report will determine you CL, A decent report will get you CL's close to or higher than $25K

Regular Contributor
Posts: 181
Registered: ‎08-09-2012

Re: CL compared to gross income

I was sitting at 15%, but am now at 18% after a CLI from Citi the other day. Granted, I only have two credit cards, but I would really like to get this number up to around 50%.

What's in my wallet:

Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
Valued Contributor
Posts: 1,927
Registered: ‎01-24-2012

Re: CL compared to gross income

I am already over income (35000). Lenders would be more nervous about you having more than your income on just their cards.

Frequent Contributor
Posts: 387
Registered: ‎04-02-2012

Re: CL compared to gross income

I can see this is going to become a sport for me.  Let the games begin!

My Wallet:
Discover It $11,000 | Chase Freedom $5,000 | AMEX BCE $3,000 | Paypal Extras Platinum $5,000 | Wells Fargo $1,000 | AMEX Zync NPSL

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