##### Credit Limit Calculations?

07-30-2007 02:33 PM

I'm not sure if this has been asked before, but I searched and couldn't find an answer. So here goes:

How do CCC's determine how much credit they will grant you. I am sure they all vary to some degree, but does anyone have a general idea of how this is done?

Thanks in advance!

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##### Re: Credit Limit Calculations?

07-30-2007 02:51 PM

schwag wrote:I'm not sure if this has been asked before, but I searched and couldn't find an answer. So here goes:How do CCC's determine how much credit they will grant you. I am sure they all vary to some degree, but does anyone have a general idea of how this is done?Thanks in advance!

The three

**: Character, Capacity and Capital are huge!***C's*1.) FICO scores, not FAKOs

2.) Payment history with CCs (character)

3.) Income (capacity)

4.) Debt to income

5.) Own property? (capital)

7.) They determine if you're a

*revolver*or a*PIF deadbeat*6.) They determine

*how much they can**profit from you*! This might be the most important factor!There are other factors but I think these are the major ones.

Credit Profile -

FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815

All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!

Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815

All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!

Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

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