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CL's growing too high?

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longtimelurker
Epic Contributor

Re: CL's growing too high?


@Open123 wrote:

In general, 100% of income is fine, but as Takehis has observed, it's a case by case scenario.  Some will be restricted to less, while others may have CLs many times their income.


And what might bite first (at least it did for me) is an issuer deciding you have enough credit with them (somewhat regardless of CL with other issuers)

Message 11 of 14
FinStar
Moderator Emeritus

Re: CL's growing too high?


@longtimelurker wrote:

@Open123 wrote:

In general, 100% of income is fine, but as Takehis has observed, it's a case by case scenario.  Some will be restricted to less, while others may have CLs many times their income.


And what might bite first (at least it did for me) is an issuer deciding you have enough credit with them (somewhat regardless of CL with other issuers)


+1

Message 12 of 14
09Lexie
Moderator Emerita

Re: CL's growing too high?


@FinStar wrote:

@longtimelurker wrote:

@Open123 wrote:

In general, 100% of income is fine, but as Takehis has observed, it's a case by case scenario.  Some will be restricted to less, while others may have CLs many times their income.


And what might bite first (at least it did for me) is an issuer deciding you have enough credit with them (somewhat regardless of CL with other issuers)


+1


+2

 

And to add, you are not using your existing CL's. 

Message 13 of 14
Open123
Super Contributor

Re: CL's growing too high?


@longtimelurker wrote:

And what might bite first (at least it did for me) is an issuer deciding you have enough credit with them (somewhat regardless of CL with other issuers)


Right, which it has for me too.

Message 14 of 14
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