Understanding FICO® Scoring

[Jack_Sparrow]

I can never find info on this topic so I have to ask. Is it bad to have more of a credit line than your annual income? Is there a certain percent of your income you should have as a CL? Just wonderi.ng for future reference

[smallfry]

Some people have 8-10 times their annual income. Sick huh? If you can get your available credit up to 1-1 that's pretty good I would think.

[Brammy]

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Jack_Sparrow wrote:

I can never find info on this topic so I have to ask. Is it bad to have more of a credit line than your annual income? Is there a certain percent of your income you should have as a CL? Just wonderi.ng for future reference

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Not sure about that.  Some companies will issue you new credit simply based on your credit score and the amount of your exisitng lines.  I have filled out apps that didn't even ask for income though I though it strange.