topic Re: Who has total credit available that is equal to or more than annual income? in Credit Cards

Who has total credit available that is equal to or more than annual income?

Cobweb — Sun, 29 Jun 2008 20:45:01 GMT

Not including HELOCS. i.e. Your income is 50k per year and your available credit is 60k. Just curious.

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Sun, 29 Jun 2008 22:05:54 GMT

my income is about 73k, total of 86.5k available unsecured credit.

throw my wife's into the mix and were about 95k hhi and at about 92k available unsecured credit.

Re: Who has total credit available that is equal to or more than annual income?

marty56 — Sun, 29 Jun 2008 22:10:21 GMT

My total available credit is under 25% of my anual income. Far less then during the height of my credit reign of terror. Just the way I want it now.

Re: Who has total credit available that is equal to or more than annual income?

USC08 — Sun, 29 Jun 2008 22:18:02 GMT

helocs?

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Sun, 29 Jun 2008 22:27:13 GMT

USC08 wrote:
helocs?

home

equity

line

credit

heloc

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Sun, 29 Jun 2008 23:22:29 GMT

My available credit is 4x my annual salary. I'm convinced that CC companies increase CL's without any regard/interest in income. I obtained all of my CC's (except one) As a College Freshman in 1990-91 with no income. Over the years of paying on time, etc, they have raised CL's 2x per year. If I was not as responsible/nuerotic about my Credit, I could get into some serious trouble.

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Mon, 30 Jun 2008 02:10:54 GMT

My Total Credit Available is $82,000.00, though only $66,644.07 is actually available right now. My total annual income is about $62,000.00, 48K coming from my full-time employment and 13K coming from my part time employment.

Re: Who has total credit available that is equal to or more than annual income?

jaxstraw — Mon, 30 Jun 2008 04:07:57 GMT

My total available is 119,500. and my income for last year was about 80k.

I don't know how they base these numbers but I'll take it.

It keeps my UTI high.

Jax

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Mon, 30 Jun 2008 04:33:59 GMT

My total available is about $100k. I just finished my first year of college, so take a guess what my income might be

I think it's getting based on my AU card limits and when they ask for "total household income." I run a lot through my cards, like when I'm on vacation with my family, so the limits seem to work for the CCCs. Still, the thought of an Amex FR terrifies me!

Message Edited by akhan on 06-29-2008 09:33 PM

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Mon, 30 Jun 2008 04:55:24 GMT

I just got a CLI that I requested from one of my BoA cards, so now my total available Credit is: $86.6 K

Re: Who has total credit available that is equal to or more than annual income?

haulingthescoreup — Mon, 30 Jun 2008 04:56:40 GMT

around $86K total CL's, income around $65K? (part-time job lost a contract, so more free time for me!)

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Mon, 30 Jun 2008 14:21:29 GMT

I have over double of my income in open CLs.

I would say the lender I think most concerned with income regarding CL is Amex. Hence the FR altogether.

Re: Who has total credit available that is equal to or more than annual income?

rubaty — Mon, 30 Jun 2008 18:04:18 GMT

Available credit: $119K

HHI: $102K

Re: Who has total credit available that is equal to or more than annual income?

EW800 — Mon, 30 Jun 2008 18:25:31 GMT

Each CC combined, I have total credit limit of about $125,000 (each card is $20K to $25K), with household income of about $110,000.

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Mon, 30 Jun 2008 20:48:58 GMT

My available credit is about 35% higher than my income...

Re: Who has total credit available that is equal to or more than annual income?

techgirl — Mon, 30 Jun 2008 22:17:11 GMT

Household Income $170,000

Total CC limit: $60,000

Re: Who has total credit available that is equal to or more than annual income?

marty56 — Tue, 01 Jul 2008 01:45:32 GMT

Dont laugh but since you all are posting limits, mine is 18k on a income of 85k. Okay I'm a wuss.

Re: Who has total credit available that is equal to or more than annual income?

athensguy — Wed, 09 Jul 2008 16:53:58 GMT

Well, my HHI is currently higher than my available CLs. I am working on rectifying this unfortunate situation.

Re: Who has total credit available that is equal to or more than annual income?

MidnightVoice — Wed, 09 Jul 2008 16:58:10 GMT

athensguy wrote:
Well, my HHI is currently higher than my available CLs. I am working on rectifying this unfortunate situation.

My CLs are less than half my income, and I am not particularly unhappy with that!

Re: Who has total credit available that is equal to or more than annual income?

Anonymous — Wed, 09 Jul 2008 17:08:12 GMT

Right now I don't (unless my real "cap" on my Amex charge cards is higher than I think it is. I never really checked)

But I got my first four cards (two of them no preset charge cards, two super sub prime student cards) as a student with no income. The two with a disclosed CL started at $250 and $300, but got up to $3,000 and $750 before I had an income (I haven't gotten any CLIs since then)

now I have an income (also still a student) and if I go by my high balances on the charge cards in the past, my approximate available is around 90% of my income.