total CL vs. Income

Anonymous · ‎10-14-2007

Out of curiosity (seeing that some people have lotsa cards) what's your income to CL ratio??

Meaning.... Your yearly income is $150,00 and you have a total credit line of all your cards that equals $75,000? (A credit line of half your annual income)

Does anyone have a higher total CL than Income??

Anonymous · ‎10-14-2007

I have a total CL that is about 30% higher than my annual income however my highest single CL is a little less than 20% of my annual income.

Anonymous · ‎10-14-2007

My credit limit is ~ 75% (3:4 ratio - I think) of my income.

Anonymous · ‎10-14-2007

Total CL equal less than 40% of my gross pay

Anonymous · ‎10-15-2007

My total revolving CL is about 5% of my annual salary.

I'm in the building/rebuilding stage!

MidnightVoice · ‎10-15-2007

Less than 15% at the moment

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

Anonymous · ‎10-15-2007

My total revolving CL is about 5% of my annual salary.

I'm in the building/rebuilding stage!

~~~~~~~~~~

Don't feel bad. My total revolving CL is only 550. LOL That equals less than a one week paycheck!

I'm trying not to jump the gun and become an "apply hog". I'm starting out slow while rebuilding.

MidnightVoice · ‎10-15-2007

MidnightVoice wrote:
Less than 15% at the moment

But my local credit union just changed all that

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

Anonymous · ‎10-15-2007

willows wrote:
My total revolving CL is about 5% of my annual salary.

I'm in the building/rebuilding stage!

~~~~~~~~~~

Don't feel bad. My total revolving CL is only 550. LOL That equals less than a one week paycheck!

I'm trying not to jump the gun and become an "apply hog". I'm starting out slow while rebuilding.

Me too...but I'm *itching* for another card!! My first round of GWs was only somewhat successful so I figure I'll just have to dilute the rest. Assuming my second round will be unsuccessful as well...