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Valued Contributor
Posts: 1,784
Registered: ‎03-11-2009
0

Thin file with high limits

I like having a thin file but I also like having high limits so that I can buy anything that I want or need without having to worry about maxing out my cards. However, I always PIF before statement cuts.  I just got my BCE card bumped a little to 15k.  My file only consist of a US Bank mortgage, US Bank LOC 15k, US Bank Cash+ 15k, and now my BCE  is at 15k.  So, with 3 lines of credit with a total of 45k, its more than enough for now.  I think that I will work on raising these limits in the future  as opposed to adding new cards. This works well for me but I don't know if it will hurt me  down the line should I need to buy a car,  ( having a thin file ), but we shall see.

 

 

FICOS
TU 807 8/10/15
EX 814 8/10/15
EQ 829 8/7/15
NASA 30K ( Amex 25k ) ( Chase Freedom 10.6k ) ( Venture 23K ) ( SD'd US Bank Cash+ 20k, LOC 15k, In their final resting place, can you hear the sound of taps? ) Winners never quit, and quitters never win
New Member
Posts: 12
Registered: ‎12-19-2013
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Re: Thin file with high limits

I've wondered about the terms "thick file" versus "thin file." Do these refer only to the number of tradelines? Or is tradeline age/history of payment implicit as well?

Valued Contributor
Posts: 2,285
Registered: ‎09-16-2011
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Re: Thin file with high limits

With Fico scores that look like they should all be north of 740, you won't have an problem getting a car, just don't get to close you will have the sales people drooling on your shoes ;-)  and offering you the world just sign on the bottom line. 6 months after you latest AMEX CLI you will be able to do another one, if you have the income and willing to provide tax documents, if they request them, you should be able to request a CLI to 45k but if you want to play it safe,  request 30k, without a long history with AMEX they tend to request documents over 25k, and once you are over 25k you need to do CLI requests over the phone.

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Valued Contributor
Posts: 2,285
Registered: ‎09-16-2011
0

Re: Thin file with high limits

a thin file usually refers to a CR with less than 3 tradelines open. Thick files usually have 5 or more TL with at least 2-3 TL's being national credit cards.

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Moderator
Posts: 27,207
Registered: ‎09-13-2012
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Re: Thin file with high limits


jamesdwi wrote:

a thin file usually refers to a CR with less than 3 tradelines open. Thick files usually have 5 or more TL with at least 2-3 TL's being national credit cards.

 

 


Length of time TLs are opened also factor in; having 3 TLs open in less than a year is still considered a thin file. 

CRS show pyt history of two years, IMO having TLs that report at least two years of pyt history would move you from thin to thick

Established Contributor
Posts: 600
Registered: ‎04-03-2013
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Re: Thin file with high limits


09Lexie wrote:


jamesdwi wrote:

a thin file usually refers to a CR with less than 3 tradelines open. Thick files usually have 5 or more TL with at least 2-3 TL's being national credit cards.

 

 


Length of time TLs are opened also factor in; having 3 TLs open in less than a year is still considered a thin file. 

CRS show pyt history of two years, IMO having TLs that report at least two years of pyt history would move you from thin to thick

 

 

 

 

Thank you... I did not know that . I was thinking more the more credit accounts you have open or opened and paid off made your file thicker not really the time.... Learn something new everyday.. 




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