topic Re: Credit Limit to HHI ratio? in Credit Cards

Credit Limit to HHI ratio?

Anonymous — Mon, 16 Jul 2007 14:23:40 GMT

Is there a typical limit to the amount of credit available to a person based on HHI? My HHI is $113k. What is the typical maximum credit I can have...30%? (about 35k across all credit lines). I ask because I am in the midst of a stupid FR and I wonder if AMEX doesn't like my $12k limit on my delta.

On the other hand, my 72 year old mother lives on about $18k per year Social Security, but has nearly $100k in available credit and pre-approved offers just about every day in the mail. She is only at about 7% utilization because she hates debt.

Re: Credit Limit to HHI ratio?

Anonymous — Mon, 16 Jul 2007 15:49:22 GMT

I would be interesed in reading some information on this topic as well. We recently have increased our credit availability ten fold, and now I'm undergoing an F/R from Amex as well. But my income more than covers the available CLs...

Good question, let's see if anyone chimes in wiht an answer.

Rob

Re: Credit Limit to HHI ratio?

smallfry — Mon, 16 Jul 2007 21:10:24 GMT

I know some who have 3-4 times their annual income in available credit. 100% annual income should be sufficient. Screw AMEX and what they think.

Re: Credit Limit to HHI ratio?

Anonymous — Tue, 17 Jul 2007 23:41:48 GMT

smallfry wrote:
I know some who have 3-4 times their annual income in available credit. 100% annual income should be sufficient. Screw AMEX and what they think.

Smallfry hurry up and make another post somewhere, say ANYTHING!!! your post number now is gving me the hibby jibbies!

Re: Credit Limit to HHI ratio?

Anonymous — Wed, 18 Jul 2007 17:19:36 GMT

smallfry
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Posts: 666
Registered: 04-20-2007

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I know some who have 3-4 times their annual income in available credit. 100% annual income should be sufficient. Screw AMEX and what they think. 07-16-2007 05:10 PM

trinigal wrote:

Smallfry hurry up and make another post somewhere, say ANYTHING!!! your post number now is gving me the hibby jibbies!

^^^^^ LOL Trini.