@Anonymous wrote:
Creditaddict, thank you VERY MUCH for taking your time to answer all my questions. I really appreciate it. It helped me alot. I hope you didn't mind me asking. I'm just trying to better understand this "game" of credit. I'm not a forceful person and reconing is not something I would enjoy. In fact I dread even calling just to see if I've been approved. That's why I want to be better prepared when I start requesting these higher CL's.
Just one last question if you don't mind : I also make "six figures", but it's in the bottom six figures (150K). With those very high (to me anyway) CL's are you talking like 2 - 300K+ ?? I'm just trying to gage what's actually reasonable. I don't want to be thinking those CL's are attainable if I'm nowhere near the ball park, salary wise, for them. Once again, I appreciate your taking your time to answer my questions. Thank you !!!
right in the same range as you.
Like I said, most creditors especially BofA/FIA lately look at there persona exposure to income, not your total exposure with all banks... now some of the smaller banks and credit unions look at your total exposure to decide debt to income but more times than not i find if there isn't really any debt or little debt they overlook the large large credit lines and wanting more.
Look at someone like Barlcay (they had CLD my partner 2 on our business card for carrying a balance and overall increases balances on all credit cards... we paid it off and then they don't even pay attention that it just had a revolving balance on it and they CLI it $10k past the original line that they had slashed 2.
The banks that still use humans to make decisions (barclay, Bank of America, Fidelity, Citi (if you push the cli apps to manaul review, and some of the store cards... those are the banks that you can really have great success if you push and get the right person.
it's like politics, you will get one person that is conservative in lending and be like no you have to much credit, call back 5 minutes later and get someone that wants you to keep using their card and loves that you have large CL's and handle them good and give you whatever you ask for and don't even worry about the total number.
Everyone else is on 4-5 CLI with discover in the last 1-2 months... we can't get a CLI to save our life with discover!
