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What's your total CL to HH income ratio on just credit cards? (no disclosure needed)

Super Contributor

Re: What's your total CL to HH income ratio on just credit cards? (no disclosure needed)

My total CL/HHI ratio = <0.2
My highest sinlge CL/HHI ratio = <0.1
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 11 of 13
Frequent Contributor

Re: What's your total CL to HH income ratio on just credit cards? (no disclosure needed)

(Borrowed from haulingthescoreup)

my personal CL's / personal income = 0.97 (not including AU card)
my personal CL's / HHI = 0.43
DH + my CL's / HHI = 0.82

single card = .29

I believe the trend is based on how the credit is used rather than HHI. PIF every month regardless of utilization is what I've seen consistently raise CLs.
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Hello, my name is, "PenguinGeek," and it's been 9 months since my last cc app and my score is now 34 points higher than when I app'd.
Message 12 of 13
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Senior Contributor

Re: What's your total CL to HH income ratio on just credit cards? (no disclosure needed)

I'm so embarrassed, I want to go back to bed and pull the covers over my head. I threw out a totally outlandish figure, on that simple mathematical calculation. It should have been: 0.255, based on my total CL's and my annual income. Another grey moment(now where did I put that Clairol hair color)
"Never ever, ever be late. Never" (FUTR)
Message 13 of 13