When is it too much credit?????????

Not really but there is such a thing as over use of it.

 

well i know some banks/creditors determine your debt ratio based on total available credit and not just current balances.

i would say that if for some reason you had to max them out and couldn't afford the payments - then you might have too much credit available

 

I have over $160,000 in avaliable biz and personal credit and have yet to see too much but you never know

 

Too much credit applies if you are applying for more credit, and specifically the type (i.e. mortgage, home equity, etc.). "Too much credit" is based upon "too much credit in proportion to your income", or your debt/income ratio.

I do not see a mortgage type credit amount listed. You may run into a problem if you apply for a mortgage, again depending upon your debt/income ratio. And the "acceptable" ratios are dependent upon your credit score.

At different credit score categories, or levels, you are allowed under Federal laws to be lent money up to certain debt/income ratios. This ratio is also based upon the worst case scenario of maxing out all available credit.

So, in certain instances you can have too much credit, usually if you are applying for mortgage type credit. If you are only applying for revolving type credit (credit cards), then you may be okay.

 

personal and biz over 420k and yes I am starting to get to much available credit as a reason for decline