Last CC App was almost a year ago......

[pi-r-squared]

The problem is I've run up a HUGE Util. %.  Definitely over 60% out of $97.500 CL.  With all 3 FICO scores hovering in the 660s, is there any chance that I can apply for anything?  Total income around 70K.  Or will I receive the Too Much Debt rejection letters?

[fltireguy]

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@pi-r-squared wrote:

The problem is I've run up a HUGE Util. %.  Definitely over 60% out of $97.500 CL.  With all 3 FICO scores hovering in the 660s, is there any chance that I can apply for anything?  Total income around 70K.  Or will I receive the Too Much Debt rejection letters?

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An approval will be tough, given your Util and your income. You would be better off finding a way to get at least some of that paid down

[UncleB]

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@fltireguy wrote:

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@pi-r-squared wrote:

The problem is I've run up a HUGE Util. %.  Definitely over 60% out of $97.500 CL.  With all 3 FICO scores hovering in the 660s, is there any chance that I can apply for anything?  Total income around 70K.  Or will I receive the Too Much Debt rejection letters?

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An approval will be tough, given your Util and your income. You would be better off finding a way to get at least some of that paid down

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+1

Just to add, any approval you might get will likely be a toy limit and/or have a high APR.  There are always exceptions, but if it were me I would really work on paying some of the existing cards down before applying for any new ones.

[9CLINE]

+1 UncleB,and others ,, there isn't a set time we must app in ..Util needs work, then app if needed...

[Anonymous]

I don't mean to sound judgemental and certainly don't think it is my place to counsel anyone on responsible credit use, but that is a lot of Cc debt to pay off at that income level. Paying it down is really the only option as getting more credit to keep things afloat as is will likely just lead to exponential growth of the debt. Do you have a plan for how you're going to tackle this?

[Anonymous]

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@pi-r-squared wrote:

The problem is I've run up a HUGE Util. %.  Definitely over 60% out of $97.500 CL.  With all 3 FICO scores hovering in the 660s, is there any chance that I can apply for anything?  Total income around 70K.  Or will I receive the Too Much Debt rejection letters?

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It sounds like your total debt in dollars is right around where your annual income is.  That will literally take you years to pay off.  My question is why would you be seeking additional credit when you aren't able to manage what you currently have?  I think you should definitely rethink your approach and goals here.  I don't mean to come off rude, I just think a little tough love can be a good thing.

[Anonymous]

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smakjets wrote:

The problem is I've run up a HUGE Util. %.  Definitely over 60% out of $97.500 CL.  With all 3 FICO scores hovering in the 660s, is there any chance that I can apply for anything?  Total income around 70K.  Or will I receive the Too Much Debt rejection letters?

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Simple Math

 . . .97,500 Credit Limit

x  . 60% Utilization

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 . . .58,500 Credit Debt

./.  70,000 Annual Income

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 . .83.6 %  Debt to Income ratio
.

[Gregory1776]

You need Dave Ramsey.

[Anonymous]

Yep, this is when you find you are in a hole, stop digging. You have a tough situation there, but perhaps you could work on a side gig or some other way to generate money. Take a look at you and ask if you would loan you more. 

It's tough but credit is not money and more credit will not fix this in 99/100 cases. Also, debt now would likely come under onerous terms, if at all. Best of luck, you can do it if you try.

[Anonymous]

With that amount of debt compared to income the only cards I think should be considered are 0% Balance Transfers while you chip away at that debt. But honestly I have to echo what everyone else is saying that more credit isn’t the answer here.