Starting Score: 657
Lots of people here would like to have that problem! I agree with My Own Fico, don't worry about, just don't max it out!
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
The only time I've heard of anyone having a problem was when they applied for a mortgage. The mortgage company was nervous because the person didn't have a lot of history but had some huge credit lines. They were questioned by the mortgage company and that was about the end of it. The mortage company was just concerned that the customer would rush out and purchase some Rembrants to hang on the walls of their new house using their credit cards.
Objectivist wrote:One thing my trying to understand is this...If I havebunch of big limits on a bunch of credit cards....when will CCC start to say they're afraid I've been over extended for my income? Will this ever catch up to me if I don't have a balance for a the part?
My gf was CLD'ed from 40k to 10k with a FICO score in the 820s and a perfect long record. That FICO score was post CLD! It was at the start of the financial crisis and was a pretty common practice even with very high FICO score customers if they didn't use their card much. She didn't. I doubt she ever charged more than $2k to it, always pif and had barely used it at all in the year before the CLD.
Banks don't like CLDs because it ticks off the customer but yes, you can have too much credit from a bank's pov.
I have reestablished credit over the last couple years