topic Re: total CL vs. Income in Credit Cards

total CL vs. Income

Anonymous — Sun, 14 Oct 2007 22:45:09 GMT

Out of curiosity (seeing that some people have lotsa cards) what's your income to CL ratio??

Meaning.... Your yearly income is $150,00 and you have a total credit line of all your cards that equals $75,000? (A credit line of half your annual income)

Does anyone have a higher total CL than Income??

Re: total CL vs. Income

Anonymous — Sun, 14 Oct 2007 22:49:46 GMT

I have a total CL that is about 30% higher than my annual income however my highest single CL is a little less than 20% of my annual income.

Re: total CL vs. Income

Anonymous — Sun, 14 Oct 2007 22:52:19 GMT

My credit limit is ~ 75% (3:4 ratio - I think) of my income.

Re: total CL vs. Income

Anonymous — Sun, 14 Oct 2007 23:16:10 GMT

Total CL equal less than 40% of my gross pay

Re: total CL vs. Income

Anonymous — Mon, 15 Oct 2007 19:43:55 GMT

My total revolving CL is about 5% of my annual salary.

I'm in the building/rebuilding stage!

Re: total CL vs. Income

MidnightVoice — Mon, 15 Oct 2007 19:45:31 GMT

Less than 15% at the moment

Re: total CL vs. Income

Anonymous — Mon, 15 Oct 2007 22:01:24 GMT

My total revolving CL is about 5% of my annual salary.

I'm in the building/rebuilding stage!

~~~~~~~~~~

Don't feel bad. My total revolving CL is only 550. LOL That equals less than a one week paycheck!

I'm trying not to jump the gun and become an "apply hog". I'm starting out slow while rebuilding.

Re: total CL vs. Income

MidnightVoice — Mon, 15 Oct 2007 22:08:12 GMT

MidnightVoice wrote:
Less than 15% at the moment

But my local credit union just changed all that

Re: total CL vs. Income

Anonymous — Mon, 15 Oct 2007 23:54:14 GMT

willows wrote:
My total revolving CL is about 5% of my annual salary.

I'm in the building/rebuilding stage!

~~~~~~~~~~

Don't feel bad. My total revolving CL is only 550. LOL That equals less than a one week paycheck!

I'm trying not to jump the gun and become an "apply hog". I'm starting out slow while rebuilding.

Me too...but I'm *itching* for another card!! My first round of GWs was only somewhat successful so I figure I'll just have to dilute the rest. Assuming my second round will be unsuccessful as well...