topic Re: Your total credit lines in General Credit Topics

Your total credit lines

Anonymous — Sat, 23 Sep 2017 03:02:04 GMT

What is your active total available credit and how long did it take to build it?

$190,350.00
I'm not an AU on any

Took 27 months to obtain.

Re: Your total credit lines

Anonymous — Sat, 23 Sep 2017 06:23:31 GMT

Wow you have some monster CL!! Hopefully I can get to the 100k status one day.

I’m a 19 year old college student with 2 months of revolving credit history, and so far I have a total CL of 9.1K. Gardening till 2019, but I’m getting there slowly but surely. Good luck getting to the 200K club, Donny!

Re: Your total credit lines

Anonymous — Sat, 23 Sep 2017 08:32:26 GMT

Donny, when you say how long did it take you to obtain I assume you mean from the time you started "going for it" with respect to credit lines? Doing that on an established profile is quite different than someone that's just starting out in credit. Or, perhaps your numbers referenced in your original post are starting from nothing?

In 15 months I went from total credit limits of $3000 to $145k (will be $165k-$170k in 5 weeks), but that's on a thick/aged file. That was with me going from 1 revolver to 8 revolvers. Surely there are others out there that no doubt opened 30-40 revolvers in the span of time that I did that probably could have racked up $300k-$500k in total credit limits if that was their goal. My goal was to simply open up the cards I needed based on my spend and that's it. I have zero desire to open any additional revolvers and I'd be surprised if my TCL ever reaches $200k.

Re: Your total credit lines

Anonymous — Sat, 23 Sep 2017 12:09:20 GMT

That's right Brutal starting from nothing. 27 months ago I had nothing.

I had completely dirty files. Cleaned them up perfectly and dove in. Last year I closed 70k in lines I just didn't want or need.

My siggy is what I like and will keep. I will no longer obtain more credit as I have every possible credit line I could ever need for each thing in life. I won't need or ask for cli's any more either.

Re: Your total credit lines

Appleman — Sat, 23 Sep 2017 15:30:44 GMT

Currently $621,000 and change in credit lines. Oldest reported account is 24 years old. Since becoming more active with myFICO in the last serval years I climbed from around $100,000 to where I am today.My wife has around $400,000 with only 1 or 2 accounts overlapping.

I have now reached the time that I will begin to consolidate my card portfolio.

So was bitten by the bug around 3 years ago and have greatly improved my credit scores and amount available.

Re: Your total credit lines

accjohn1990 — Sat, 23 Sep 2017 16:26:52 GMT

$4,000

Re: Your total credit lines

Anonymous — Sat, 23 Sep 2017 17:22:13 GMT

Just for the benefit of any newcomers..... be sure to remember that large credit limits do not in themselves improve your credit score.

EXAMPLE: Bob has four credit cards at $1000 each and a balance of $30 on each one. He then reaches out to his four CC issuers and (suprisingly) they agree to raise his limits to $20,000 each. His score will not go up by even a single point. That's because his CC utilization was very low before, and it is still very low.

That isn't to say that the bigger limits don't have a convenience advantage. But you'll notice that Donny and BBS both describe their increased limits as something they achieved largely as a byproduct of the other stuff they were pursuing. (Getting the cards they needed, etc.)

That's a smart way to go about it. Work on getting higher limits, but don't focus too much on it. It will happen gradually as you do the stuff that makes sense on other grounds.

Nice to see that it can actually happen very quickly too. Thanks Donny.

Re: Your total credit lines

Gmood1 — Sat, 23 Sep 2017 17:33:38 GMT

My files were dirty until March of last year. I started building in May of 2016 from $2600 TCL between two cards. Active lines with no AU accounts is $519,000.

So it took 29 months to go from $2600 to where it's at now.

Re: Your total credit lines

Anonymous — Sat, 23 Sep 2017 18:40:33 GMT

@Anonymous wrote:
Just for the benefit of any newcomers..... be sure to remember that large credit limits do not in themselves improve your credit score.

EXAMPLE: Bob has four credit cards at $1000 each and a balance of $30 on each one. He then reaches out to his four CC issuers and (suprisingly) they agree to raise his limits to $20,000 each. His score will not go up by even a single point. That's because his CC utilization was very low before, and it is still very low.

That isn't to say that the bigger limits don't have a convenience advantage. But you'll notice that Donny and BBS both describe their increased limits as something they achieved largely as a byproduct of the other stuff they were pursuing. (Getting the cards they needed, etc.)

That's a smart way to go about it. Work on getting higher limits, but don't focus too much on it. It will happen gradually as you do the stuff that makes sense on other grounds.

Nice to see that it can actually happen very quickly too. Thanks Donny.

Excellent post!

Re: Your total credit lines

pipeguy — Sat, 23 Sep 2017 22:22:39 GMT

Current revolving Credit Cards (no mortgage or vehicle lines/loans included) $365k add in the wife's cards and that goes to probably $550k. Our business and life crashed and burned in 2005-2007, jobs, income, assets all crashed (did NOT file bankruptcy). In 2012 we got serious about fixing things, by 2014 we were well healed, but not without scars. As of mid-2015, we could get just about any card we wanted or tried for and almost all start with 5 digit limits (last two cards I got started at $21k and $15k, last one she got started with a $16k CL).

Re: Your total credit lines

Anonymous — Sun, 24 Sep 2017 04:04:53 GMT

@Anonymous wrote:
That's right Brutal starting from nothing. 27 months ago I had nothing.

I had completely dirty files. Cleaned them up perfectly and dove in. Last year I closed 70k in lines I just didn't want or need.

Hi Donny. So, just to clarify here, you DID have credit history prior to 27 months ago? I ask that because while you say you had "nothing" if you did have credit history prior, even if they were dirty accounts (that you cleaned up, nice job!) they were still adding to your file thickness, AoOA and AAoA. These are important factors IMO since they are involved both in scorecard assignment and because greater history almost always makes it easier to obtain new credit, additional credit, etc. when all other factors are equal.

I guess my general argument here is simply that if you take someone with no credit history and then take someone with some credit history and all other things (like income) are equal, the person with no credit history over the same period of time in question (say, 27 months) would likely end with lower total credit limits than the person with some established history. To me, it's like the person with some credit history in this example would have a "head start" in the race over the person with no credit history.

Re: Your total credit lines

Anonymous — Sun, 24 Sep 2017 09:16:10 GMT

@InBrutalBodyShots wrote:
@Anonymous wrote:
That's right Brutal starting from nothing. 27 months ago I had nothing.

I had completely dirty files. Cleaned them up perfectly and dove in. Last year I closed 70k in lines I just didn't want or need.

Hi Donny. So, just to clarify here, you DID have credit history prior to 27 months ago? I ask that because while you say you had "nothing" if you did have credit history prior, even if they were dirty accounts (that you cleaned up, nice job!) they were still adding to your file thickness, AoOA and AAoA. These are important factors IMO since they are involved both in scorecard assignment and because greater history almost always makes it easier to obtain new credit, additional credit, etc. when all other factors are equal.

I guess my general argument here is simply that if you take someone with no credit history and then take someone with some credit history and all other things (like income) are equal, the person with no credit history over the same period of time in question (say, 27 months) would likely end with lower total credit limits than the person with some established history. To me, it's like the person with some credit history in this example would have a "head start" in the race over the person with no credit history.

BBS let me clarify- every single dirty account I had 100% success at having each and everyone of them deleted. (Multiple baddies, lates, chargeoffs, repo's, collections and I mean multiple items including three judgements) 3 months full time, 8 -10 hours a day 5 days a week solely fixing my credit. All by myself with only the help from studying these forums and implementing my own style. God's honest truth. I Even booked a flight to a different state and showed up at a collection agencies door step begging for deletion. Yes, it worked, they GW deleted. Don't anyone ask who it was, cuz I won't tell..lol!!! True story. So the only two things on my files was the mortgage, which is only present on TU & EX, but not EQ. And Fingerhut that is still on on 3.

So this is what I had once everything dirty was paid & deleted. 1 Chase mortgage account, paid. Fingerhut paid as agreed closed in 2013. My oldest account is 11.5 years.

I did apply and was approved for Chase Freedom for $4500 and Cap1 Platinum for $300 in July 2015 when I still had a few baddies.

Once the remaining baddies were gone I had a total of 4 positive accounts on 2 bureaus and 3 positive accounts on 3.

And I had success and was very lucky at building my files.

Re: Your total credit lines

Aprile421 — Sun, 24 Sep 2017 22:11:53 GMT

2 years ago I had a score of around 600 due to very high utilization from getting divorced and having to make a big move. I had a total credit of around $10,000 back then. I paid everything off and got totally serious about my credit and 2 years later I am at around 120k available credit which I plan to start culling cards and lower that amount as I personally am not comfortable with having that much credit. It is way more than I will ever need in my life time and while it sounds good on paper the damage it can cause is not worth the risk for me.

Re: Your total credit lines

Anonymous — Sun, 24 Sep 2017 23:45:54 GMT

@Anonymous wrote:
@InBrutalBodyShots wrote:
@Anonymous wrote:
That's right Brutal starting from nothing. 27 months ago I had nothing.

I had completely dirty files. Cleaned them up perfectly and dove in. Last year I closed 70k in lines I just didn't want or need.

Hi Donny. So, just to clarify here, you DID have credit history prior to 27 months ago? I ask that because while you say you had "nothing" if you did have credit history prior, even if they were dirty accounts (that you cleaned up, nice job!) they were still adding to your file thickness, AoOA and AAoA. These are important factors IMO since they are involved both in scorecard assignment and because greater history almost always makes it easier to obtain new credit, additional credit, etc. when all other factors are equal.

I guess my general argument here is simply that if you take someone with no credit history and then take someone with some credit history and all other things (like income) are equal, the person with no credit history over the same period of time in question (say, 27 months) would likely end with lower total credit limits than the person with some established history. To me, it's like the person with some credit history in this example would have a "head start" in the race over the person with no credit history.
BBS let me clarify- every single dirty account I had 100% success at having each and everyone of them deleted. (Multiple baddies, lates, chargeoffs, repo's, collections and I mean multiple items including three judgements) 3 months full time, 8 -10 hours a day 5 days a week solely fixing my credit. All by myself with only the help from studying these forums and implementing my own style. God's honest truth. I Even booked a flight to a different state and showed up at a collection agencies door step begging for deletion. Yes, it worked, they GW deleted. Don't anyone ask who it was, cuz I won't tell..lol!!! True story. So the only two things on my files was the mortgage, which is only present on TU & EX, but not EQ. And Fingerhut that is still on on 3.

So this is what I had once everything dirty was paid & deleted. 1 Chase mortgage account, paid. Fingerhut paid as agreed closed in 2013. My oldest account is 11.5 years.

I did apply and was approved for Chase Freedom for $4500 and Cap1 Platinum for $300 in July 2015 when I still had a few baddies.

Once the remaining baddies were gone I had a total of 4 positive accounts on 2 bureaus and 3 positive accounts on 3.

And I had success and was very lucky at building my files.

Nice work getting all of that negative stuff cleaned up! Thanks for clarifying regarding your profile.

I'd say that your AoOA and AAoA probably helped a bit in your ability to grow your credit limits over those 27 months. I think it would be unlikely that someone with no credit history would be able to accomplish the same feat. Same thing goes for my profile. No way could I have gone from $3000 in limits to over 6 figures in 15 months if I didn't have a base at least under me first.

Re: Your total credit lines

Anonymous — Mon, 25 Sep 2017 03:58:18 GMT

Have a total of $13,700 lol Have about 9.5yrs of credit history but my average age of open accounts is 4.5yrs. My oldest open account is almost 8yrs old but I opened the Amazon Prime Visa Signature about 8mths ago and recently opened the Paypal Cashback Mastercard that drags it down.

Did not know about asking for CLI from my issuers before and did not know that most were soft pulls until now lol Pretty much waited for any auto-CLI from them which never really came lol I work in retail so not much money there guess that's why no auto-cli :/ I always pay on time and pay in full. Also have no loans. My credit score sits somewhere in the 750s with all 3 bureaus though, which is kinda good I guess lol

Re: Your total credit lines

Anonymous — Mon, 25 Sep 2017 04:09:06 GMT

@Anonymous wrote:
Also have no loans. My credit score sits somewhere in the 750s with all 3 bureaus though, which is kinda good I guess lol

If you employ the SSL technique, you'll be in the 780's-790's, which may be something for you to consider.

Re: Your total credit lines

Anonymous — Mon, 25 Sep 2017 04:36:48 GMT

@Anonymous wrote:
@Anonymous wrote:
Also have no loans. My credit score sits somewhere in the 750s with all 3 bureaus though, which is kinda good I guess lol
If you employ the SSL technique, you'll be in the 780's-790's, which may be something for you to consider.

What's the SSL technique?

Re: Your total credit lines

Revelate — Mon, 25 Sep 2017 06:30:17 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Also have no loans. My credit score sits somewhere in the 750s with all 3 bureaus though, which is kinda good I guess lol
If you employ the SSL technique, you'll be in the 780's-790's, which may be something for you to consider.
What's the SSL technique?

Method:
http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secure-technique/m-p/4506756#U4506756

183k and change since I started back in late 2011; never really focused on limits at all, started getting 20k+ credit limit extensions in 2014 with Chase being the first with the CSP at 22k, since then most approvals have been in the 20-25k range which built my limits quickly.

Re: Your total credit lines

HeavenOhio — Mon, 25 Sep 2017 13:37:03 GMT

September 2016: $10,500 (3 cards)

April 2017: $60,000 (8 cards)

May 2017: $45,700 (6 cards)

August 2017: $50,700 (6 cards)

Re: Your total credit lines

Anonymous — Mon, 25 Sep 2017 15:03:09 GMT