so I applied for the CSP

[youngandcreditwrthy]

It's just that over the limit can be viewed as default, which is equivalent to missing a pmt 😳😔😢

[creditwatcher2012]

I couldnt of said it better, I am not trying to over extend myself, and I will never be in a position again where I carried ALL MAXED out cards, I learned a lesson.. when you say the economy is expected to get worse? are we talking about worse than 08 financial crisis?

MODS if this has to be moved please provide a link? thank you OP

[youngandcreditwrthy]

OP is making a political reference, which violates myfico's T&Cs.

[creditwatcher2012]

the freedom is already paid off -----0% Balance transfer NFCU?

[Revelate]

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@youngandcreditwrthy wrote:
It's just that over the limit can be viewed as default, which is equivalent to missing a pmt 😳😔😢

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Banks view that in 30+ day late entries on the credit report.

Banks don't care how much of your credit line you use, or even if you use over it (though it's an excuse to charge another fee...), they care whether you pay it back.  That's it.  A maxxed out tradeline itself if carried over time is a potential leading indicator of a default, but an overlimit scenario isn't.  It's not uncommon, and usually clears up immediately after that first fee hits as customers don't want to get a second. 

[Revelate]

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@youngandcreditwrthy wrote:
OP is making a political reference, which violates myfico's T&Cs.

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No a poitical statment would be <Insert party here> is screwing us and the economy...

Not: the economy is expected to get worse...

[FinStar]

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@Revelate wrote:

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@youngandcreditwrthy wrote:
OP is making a political reference, which violates myfico's T&Cs.

---

No a poitical statment would be <Insert party here> is screwing us and the economy...

Not: the economy is expected to get worse...

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+1

@ young - where's the political post or reference?  Are we missing something?

[creditwatcher2012]

ok thanks for the clarification, I was wanted to be sure I wasnt in violation of myfico terms of uses? So if I may ask another question about the economy? How bad is it expected to get? like 08?

[youngandcreditwrthy]

Lol whatever revelate. Biased much.

Anyway, back to creditwatcher- thought the Freedom was the overlimit card? Nvm then. Haha

[youngandcreditwrthy]

Yeah, I know an over the limit doesnt get reported like a 30 day late 😒 duh.
Swpophams reference to the "economy getting worse"
I guesa only I interpreted it as a political statement, but perhaps he should explain to you all if it was political.