Too much availible Credit on CC

[Bay_Area_Joe]

I have been over in the CC forum for the last several months. 

MyFico are all getting near 800.  Income is good, debt is low.

Considering a home loan in early 2014.

What is the story with I have too much availible credit ?  Is this common ?

Did I go over board with credit cards ?

Thanks

J

[pizzadude]

Who is telling you that you have too much available credit? FICO scoring doesn't care about your limits, only your utilization.

[IOBA]

I have been told that too - too much available credit.

That was from a credit union, by a person in underwriting, who turned down my application for a credit card after I had already passed everything else in their system and after a human had told me I was approved.  My utilization was/is always VERY low (well below the 5% mark), no lates, no month to month carry over debt (I pay everything every cycle in full).

I also (JUST) had the "too much available credit" affect my home owners insurance.  Apparently, according to the broker, statistically, if you have a lot of unused available credit you are a much higher risk for filing an insurance claim.   That makes no sense to me.  Logically, it's the people who have too much debt that would be more likely to file a claim because they can not afford to fix it themselves.

As for a mortgage, I have NEVER been told that.  EVER.  I wouldn't worry about it.  Don't close out any accounts.

[Bay_Area_Joe]

Thank you for reply.

I have not been told that from any mortgage lender as of yet.  I just read some places about it.

I have great payment history, long AAoA, no baddies at all, good employment.

If anything you would think a bank would see how stable and responsible I am.

I am not too worried about it.

Thanks