I'd love to see a scanned copy of such a letter. In all my years of turn-downs, I've seen "too many revolving accounts" and "revolving balances too high" and "too many new accounts." I have never seen nor have I ever heard of someone getting a turn-down letter that said that they had too much credit available. "Too many revolving accounts" is not the same as "too much available credit" or "credit lines too high." At any rate, I've somewhere in the neighborhood of $45k of credit spread across three revolving tradelines and it's never been an issue. RM
I think GEORGE has had the problem of "too much available credit" even though, NO LATES NO OVERLIMIT NO BANKRUPTCY FILE SINCE 1978 before fico,limits around $200,000,now $100,000 I think once a person has around $100,000 in combined credit limits it is an issue for credit card companies. looking for explosives?try here: <http://www.angelfire.com/biz/troopsupport/explosives.html?>
I have never been to $200,000, but I do have over $150,000, it has not been a problem for me to be over $100,000. Another thing, my income has never been over $52,000, it has not been a problem for the credit card companies. I am still getting line increases and lower rate offers. www.creditsense.com
RM, In my "years" of being a credit consumer,I've never had it to be an issue until it came to May National Bank(perhaps a "typo" on them). Nevertheless, the fact remains is what was said & the "electronic goat" has enjoyed it before I read your post;that was the original never to be duplicated because the account is HISTORY. Sister Girl
Re: Creditwork.... I value your input because you bring knowledge to this board;being only 39yrs old & remember the way my parents "worked" their credit when I was growing up has instilled the principles I stand for. Keep up the good work... Sister Girl
