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Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Income vs available credit

Lol@hiline... Think about this... Don't you still need an income to retire, ie...a retirement account LOL... You can retire without income haha... And a study I read said that older people typically have muuuuuch higher scores anyway, so a 750 FICO with a 30 yr + cred history would still be more prized than having too much avail cred...
Yeah, I think it becomes more of an issue of what you owe and why and if it is too much... Just because you have avail cred, doesnt mean you use it. In fact, we are all striving to use less than <10% of our avail cred... But then again, if you're posting here... You apart of much more informed credit consumer than most imo. Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Income vs available credit

Can't*
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Blogger
HiLine
Posts: 3,176
Registered: ‎10-19-2012
0

Re: Income vs available credit


andre181 wrote:

 

 

My available credit is almost 500% or 5x my income, and I continue to get CLI's and new cards.

 

I'm a college student who makes about $12,000/year and my total revolving credit limits are currently $58,300.


 

I think we have a winner here :smileylol:


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