@Anonymous wrote:
Now that I had quickly accumulated over $80k in credit, I began to spend a litte more than I used to and started getting content with having a balance.
In July 2015, I had reached a point where my business got slow and money was not coming in as fast. My balances started going up. By December, I had close to $20k on my cards. I had not planned for Christmas shopping either. Now I was starting to get scared. My total balances in January 2016 were over $25k. I just paid them all off in full and vowed never to do that again.
I sure hope you're saving most of that income. You're in a great situation -- don't eff it up by living the high life. I hope you're still living with your parents, putting away a big chunk into savings and investments, and not paying exhorbitant rent for your own apartment. $200K doesn't go that far in NYC, specially when you're paying $4K/month for a 1 bedroom.
Re your question: the computer algorithms saw you as having a long history, good payment patterns, good income. The cc companies see you run up a high balance yet still able to pay it down. All in all, that makes you a good prospective client so they're willing to give you credit.
