Credit Line

[Anonymous]

How are initial credit limits determined? I seem to always get smaller amounts (around $500) even though our household income isn't low. Scores in upper 600s low 700s.

[Pway]

What does your utillization look like?  Just because one has high scores does not mean that you will get a high credit line.  When being approved for credit more than your score is taken into consideration.

[Anonymous]

My overall utilization is at 15% right now.

[Anonymous]

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@Anonymous wrote:

How are initial credit limits determined? I seem to always get smaller amounts (around $500) even though our household income isn't low. Scores in upper 600s low 700s.

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Fairly common if you have a relatively "thin" file, not a lot of depth, and/or low existing limits.

What are your current accounts?

[Anonymous]

2 auto loans, several student loans and 3 credit cards. Oldest card is from 2005/2006 and student loans from 2006

[Anonymous]

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@Anonymous wrote:

2 auto loans, several student loans and 3 credit cards. Oldest card is from 2005/2006 and student loans from 2006

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What are the ages and limits on each of those cards? And who are they from?