Will they cut me off

[Anonymous]

So i have been using my cards a lot recently and i wonder if they are going to close some of my accounts.all accounts are at least one year old.heres the damage

Scotia momentum 14000/20000

Atb loc 7000/10000

Capital one 0/3300

Td emerald 0/10000

Scotia loc 0/20000

The brick 0/3300

Car loan 80000/90000

                                        Balance/limit

I am worried because even if its only 2 cards used at 70% it is big amounts that i owe.and i am clearing about 80000 a year.what do you guys think about it?

[DeeBee78]

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@Anonymous wrote:

So i have been using my cards a lot recently and i wonder if they are going to close some of my accounts.all accounts are at least one year old.heres the damage

Scotia momentum 14000/20000

Atb loc 7000/10000

Capital one 0/3300

Td emerald 0/10000

Scotia loc 0/20000

The brick 0/3300

Car loan 80000/90000

                                        Balance/limit

I am worried because even if its only 2 cards used at 70% it is big amounts that i owe.and i am clearing about 80000 a year.what do you guys think about it?

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Every lender has a risk tolerance, and it's different for each one. I can almost guarantee that if one of those was Barclay's, you absolutely would be looking at a CLD or even an account closure. 

One of the things I've noticed is you appear to be Canadian, and you're not going to find many people on this board that have Canadian credit experience.

[SouthJamaica]

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@Anonymous wrote:

So i have been using my cards a lot recently and i wonder if they are going to close some of my accounts.all accounts are at least one year old.heres the damage

Scotia momentum 14000/20000

Atb loc 7000/10000

Capital one 0/3300

Td emerald 0/10000

Scotia loc 0/20000

The brick 0/3300

Car loan 80000/90000

                                        Balance/limit

I am worried because even if its only 2 cards used at 70% it is big amounts that i owe.and i am clearing about 80000 a year.what do you guys think about it?

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I think you're spending too much, especially borrowing $90,000 to buy a car.

[Anonymous]

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@Anonymous wrote:

So i have been using my cards a lot recently and i wonder if they are going to close some of my accounts.all accounts are at least one year old.heres the damage

Scotia momentum 14000/20000

Atb loc 7000/10000

Capital one 0/3300

Td emerald 0/10000

Scotia loc 0/20000

The brick 0/3300

Car loan 80000/90000

                                        Balance/limit

I am worried because even if its only 2 cards used at 70% it is big amounts that i owe.and i am clearing about 80000 a year.what do you guys think about it?

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I would probablyslow down on the spending. The 2 cards plus your car loan are intense (at least to me). I don't know if any will be closed, I would start being cautious though...

[Anonymous]

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@SouthJamaica wrote:

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@Anonymous wrote:

So i have been using my cards a lot recently and i wonder if they are going to close some of my accounts.all accounts are at least one year old.heres the damage

Scotia momentum 14000/20000

Atb loc 7000/10000

Capital one 0/3300

Td emerald 0/10000

Scotia loc 0/20000

The brick 0/3300

Car loan 80000/90000

                                        Balance/limit

I am worried because even if its only 2 cards used at 70% it is big amounts that i owe.and i am clearing about 80000 a year.what do you guys think about it?

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I think you're spending too much, especially borrowing $90,000 to buy a car.

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I can't agree more.

[Anonymous]

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@SouthJamaica wrote:

I think you're spending too much, especially borrowing $90,000 to buy a car.

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SJ wins the understatement of the century award.  I think we can say that he wins even though it is only 2017 and we have another 83 years to go.

There's a real question of whether anybody needs to spend 90k on a car, even if he or she is a billionaire.  Warren Buffett drives an old Cadillac that cost 45k.  Mark Zuckerberg drives an Acura TSX that costs 30k.  Etc.

[SouthJamaica]

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@Anonymous wrote:

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@SouthJamaica wrote:

I think you're spending too much, especially borrowing $90,000 to buy a car.

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SJ wins the understatement of the century award.  I think we can say that he wins even though it is only 2017 and we have another 83 years to go.

There's a real question of whether anybody needs to spend 90k on a car, even if he or she is a billionaire.  Warren Buffett drives an old Cadillac that cost 45k.  Mark Zuckerberg drives an Acura TSX that costs 30k.  Etc.

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I am deeply honored. Understatement is a field in which I do not normally excel

[Anonymous]

I live in canada...and also in alberta....the money doesn.t have the same value.i guess i should find a canadian forum instead

Thanks folks

[DeeBee78]

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@Anonymous wrote:

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@SouthJamaica wrote:

I think you're spending too much, especially borrowing $90,000 to buy a car.

---

SJ wins the understatement of the century award.  I think we can say that he wins even though it is only 2017 and we have another 83 years to go.

There's a real question of whether anybody needs to spend 90k on a car, even if he or she is a billionaire.  Warren Buffett drives an old Cadillac that cost 45k.  Mark Zuckerberg drives an Acura TSX that costs 30k.  Etc.

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Warren Buffet bought a new Cadillac recently

My partner's father was fairly successful (retired) in the mining field. He made a ton of money, lived friviously for years, then when he retired he was able to buy pretty much anything he wanted with earnings from retirement and investments. 

He has a 2016 Audi S7, which was about $93,000 out the door. He paid cash for it  

[Anonymous]

As i said....right now a canadian dollar worth 76 cents in the usa....so the amount might seems big to you guys but not so much in canada.also here in alberta the part of canada i live in everything is more expensive because of the money we earn.i am working at 42 an hour without the overtime.it was a bad idea to post on a american forum im sorry folks but thanks anyways for the advice!