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CLD Question

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Valued Contributor

CLD Question

I am wondering whether or not a lender would CLD me if I don't spend enough according to their internal standards.

For example, there is 12.9K CL on my Freedom and I only use it for my recurrent bill $18/mo strictly (in real life, I am not).

2 REPLIES
Valued Contributor

Re: CLD Question

Probably not.

 

But credit generosity may be partly a function of the economy, and it's hard to say what would happen if times get hard.

 

Things like 0% BT offers and high CLs may not always be there.

 

Moderator

Re: CLD Question

As long as your other cards are kept in check with low balances as well, very doubtful. There is little risk in a charge of 18 each month opposed to the overall CL. CLD is an action related to adverse risk factors.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne