Credit Limit Amounts

[KLEXH25]

Don't get caught up in what constitutes "good", "great," or "excellent" credit or what your limits are. If you're starting from scratch (or rebuilding), the one thing that matters most is time (including paying on time). You can't compare your journey to those that have 20-30 years of history and thousands in limits. Everyone has to start somewhere. 

[Charmante]

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@Anonymous wrote:
Actually I believe it’s possible for a young profile to achieve 800s with a few $500 credit cards. Now, after 3 years, the score may dip a little bit, due to scorecard reassignment.

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Please elaborate. After three years you receive a reassigned scorecard? Explain please.

Why?

What does that do?

3 years on any one account or 3 years averaged out or what?

#confused

[AllZero]

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@Charmante wrote:

Please elaborate. After three years you receive a reassigned scorecard? Explain please.

Why?

What does that do?

3 years on any one account or 3 years averaged out or what?

#confused

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@Charmante  There is a great read here General Scoring Primer and Version 8 Master Thread rev.5.17.20

[Anonymous]

By your oldest account. @AllZero is right. Read that and then come back and ask questions! 😉