- Nov 25, 2005
- 8,396
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Hello,
I had question on whether your credit card limit would impact a loan application. To keep things simple they are at the same bank.
I have good credit ratings and score. I've got one Loan on my account, and a fairly substantial credit limit on my CC. The CC is rarely going to hit 10% of its total value.
Would it be wise to lower my CC limit ahead of applying for a loan to have more "limit" available for the loan? Does that even matter or do they purely look at your credit score and assets
Thanks!
I had question on whether your credit card limit would impact a loan application. To keep things simple they are at the same bank.
I have good credit ratings and score. I've got one Loan on my account, and a fairly substantial credit limit on my CC. The CC is rarely going to hit 10% of its total value.
Would it be wise to lower my CC limit ahead of applying for a loan to have more "limit" available for the loan? Does that even matter or do they purely look at your credit score and assets
Thanks!
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