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Apparently he doesnt know the difference between debt and available credit.
IMHO he/she knows nothing about credit and should join MyFico ASAP
My credit limits haven't hurt my score yet lol. It is completely inaccurate. Now if that poster increased their line to $20k and then ran it up, THAT would hurt their score.
Available credit has nothing to do with your debt to income ratio lmao--it is how much you owe (debt) to how much money you receive (income). Higher limits do lower your credit utilization percentage if you are carrying a balance though.... bottom line is that poster does not know what she is talking about.
Eventually, enough credit MIGHT prevent you getting more (as lenders feel that you just have too much available credit for your stated income) but that doesn't appear to be the concern of the person quoted in the OP.
So they are saying that owing say $500 on a $1000 CL card is better than owing the same $500 on a $5000 card?? Clearly doesn't know the difference between debt and credit limit - A $5000 available credit card does not mean you have $5000 of debt - well, unless you max it out lol
Amount of available credit has ZERO effect on FICO. Fico only looks at utilization. Available credit is different than debt. It is possible some internal formulas look at amount of total debt, but I have heard of only a couple of instances where the reason was too much available credit.
It's pretty clear that that poster doesn't understand debt to income.