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Established Member
Posts: 26
Registered: ‎07-13-2009
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Income to Credit Ratio

Is there a certain ratio that once your available credit reaches in regards to your income that creditors will then stop extending credit?

 

Like say you have 25,000 annual income, is there a certain amount of credit limit that you can get and then after that point you would not be able to get anymore unless your income went up?

 

Thanks! Just curious

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7/25/09 -- EQ 651 ; TU 634 ; EX: ??


2/22/10 -- EQ 652; TU 657; Ex: ??
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Senior Contributor
Posts: 4,923
Registered: ‎04-19-2009
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Re: Income to Credit Ratio


ArchEagleJ wrote:

Is there a certain ratio that once your available credit reaches in regards to your income that creditors will then stop extending credit?

 

Like say you have 25,000 annual income, is there a certain amount of credit limit that you can get and then after that point you would not be able to get anymore unless your income went up?

 

Thanks! Just curious


 

Many issuers have DTI and available credit to income limits. There just isn't anyway of knowing what the are unless you are denied credit for "sufficient credit for income" reasons. Even that is a slippery slope. The first time I asked BofA for a CLI I was denied for such a reason. The second time (with exactly the same income stated) I was granted a $4K CLI.
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Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
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Re: Income to Credit Ratio

I have $131K in total credit limits. My highest CL card has a $27K limit, and it could be higher, except that I wanted to have $10K on a different card from the same bank.

My personal income is around $65-70K; HHI is around $145K.

No one has ever denied me credit for having too much available credit or for insufficient income.
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